Dividend Assets Capital LLC Has $5.37 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Dividend Assets Capital LLC lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 44,453 shares of the apparel and home fashions retailer’s stock after selling 1,506 shares during the period. Dividend Assets Capital LLC’s holdings in TJX Companies were worth $5,370,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Boyd Watterson Asset Management LLC OH bought a new position in shares of TJX Companies in the 4th quarter valued at $604,000. Blackston Financial Advisory Group LLC increased its holdings in TJX Companies by 10.8% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 3,434 shares of the apparel and home fashions retailer’s stock worth $415,000 after purchasing an additional 334 shares in the last quarter. VisionPoint Advisory Group LLC raised its position in TJX Companies by 25.3% in the fourth quarter. VisionPoint Advisory Group LLC now owns 13,076 shares of the apparel and home fashions retailer’s stock valued at $1,584,000 after purchasing an additional 2,637 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its stake in shares of TJX Companies by 170.5% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 13,010 shares of the apparel and home fashions retailer’s stock valued at $1,572,000 after purchasing an additional 8,200 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC grew its holdings in shares of TJX Companies by 3.8% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 4,805 shares of the apparel and home fashions retailer’s stock worth $581,000 after purchasing an additional 177 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TJX shares. UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Jefferies Financial Group raised their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Wednesday. Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Finally, Robert W. Baird lifted their target price on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $134.18.

TJX Companies Trading Down 1.5 %

Shares of TJX stock opened at $121.08 on Friday. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a 50 day simple moving average of $122.86 and a two-hundred day simple moving average of $119.48. The company has a market cap of $136.11 billion, a P/E ratio of 28.49, a PEG ratio of 2.75 and a beta of 0.91.

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

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

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.