Athena Investment Management Sells 435 Shares of The TJX Companies, Inc. (NYSE:TJX)

Athena Investment Management lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,560 shares of the apparel and home fashions retailer’s stock after selling 435 shares during the period. Athena Investment Management’s holdings in TJX Companies were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in TJX. Bogart Wealth LLC bought a new position in TJX Companies during the 4th quarter worth $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the 4th quarter worth $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies during the 3rd quarter worth $29,000. Legacy Investment Solutions LLC bought a new position in TJX Companies during the 3rd quarter worth $30,000. Finally, Truvestments Capital LLC bought a new position in TJX Companies during the 3rd quarter worth $29,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent research reports. Guggenheim raised their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company raised their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Jefferies Financial Group raised their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Morgan Stanley raised their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Stock Up 1.1 %

Shares of NYSE:TJX opened at $124.79 on Friday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The firm has a market cap of $140.28 billion, a P/E ratio of 29.36, a P/E/G ratio of 2.75 and a beta of 0.91. The business has a fifty day simple moving average of $122.98 and a 200 day simple moving average of $119.95. 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 issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Insider Activity at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

About TJX Companies

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.