The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC cut its position in The TJX Companies, Inc. (NYSE:TJX) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,281 shares of the apparel and home fashions retailer’s stock after selling 5,724 shares during the period. Sawgrass Asset Management LLC’s holdings in TJX Companies were worth $11,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies during the fourth quarter worth $26,000. Capital Performance Advisors LLP acquired a new position in TJX Companies during the third quarter worth $29,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies during the third quarter worth $30,000. Truvestments Capital LLC acquired a new position in TJX Companies during the third quarter worth $29,000. Finally, SOA Wealth Advisors LLC. acquired a new position in TJX Companies during the fourth quarter worth $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Down 0.2 %

TJX opened at $124.45 on Thursday. The firm has a market cap of $139.90 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The business’s 50 day moving average is $123.22 and its two-hundred day moving average is $118.94. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft upped their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. UBS Group upped their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. TD Cowen raised their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Robert W. Baird lifted their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $133.53.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.