D.A. Davidson & CO. Lowers Holdings in The TJX Companies, Inc. (NYSE:TJX)

D.A. Davidson & CO. trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 54,392 shares of the apparel and home fashions retailer’s stock after selling 548 shares during the period. D.A. Davidson & CO.’s holdings in TJX Companies were worth $6,571,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Citizens & Northern Corp lifted its stake in TJX Companies by 2.9% during the fourth quarter. Citizens & Northern Corp now owns 17,874 shares of the apparel and home fashions retailer’s stock worth $2,159,000 after purchasing an additional 500 shares in the last quarter. Blue Chip Partners LLC lifted its stake in TJX Companies by 8.4% during the fourth quarter. Blue Chip Partners LLC now owns 168,210 shares of the apparel and home fashions retailer’s stock worth $20,321,000 after purchasing an additional 12,983 shares in the last quarter. CIBC Asset Management Inc lifted its stake in TJX Companies by 22.8% during the fourth quarter. CIBC Asset Management Inc now owns 289,542 shares of the apparel and home fashions retailer’s stock worth $34,993,000 after purchasing an additional 53,854 shares in the last quarter. Pittenger & Anderson Inc. lifted its stake in TJX Companies by 4.6% during the fourth quarter. Pittenger & Anderson Inc. now owns 206,869 shares of the apparel and home fashions retailer’s stock worth $24,992,000 after purchasing an additional 9,112 shares in the last quarter. Finally, Ifrah Financial Services Inc. lifted its stake in TJX Companies by 11.0% during the fourth quarter. Ifrah Financial Services Inc. now owns 2,807 shares of the apparel and home fashions retailer’s stock worth $339,000 after purchasing an additional 278 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TJX shares. TD Cowen upped their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley increased their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft increased their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Robert W. Baird increased 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 research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average target price of $134.18.

TJX Companies Stock Performance

NYSE:TJX opened at $123.41 on Thursday. The firm has a market capitalization of $138.73 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 2.78 and a beta of 0.91. The business’s fifty day moving average price is $123.00 and its 200 day moving average price is $119.37. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (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 business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 earnings per share. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

TJX Companies 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.