West Family Investments Inc. Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

West Family Investments Inc. lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,195 shares of the apparel and home fashions retailer’s stock after selling 446 shares during the period. West Family Investments Inc.’s holdings in TJX Companies were worth $507,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Ashton Thomas Private Wealth LLC raised its stake in shares of TJX Companies by 106.8% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 20,849 shares of the apparel and home fashions retailer’s stock valued at $2,519,000 after acquiring an additional 10,768 shares during the period. Callan Family Office LLC grew its holdings in TJX Companies by 267.3% during the 4th quarter. Callan Family Office LLC now owns 9,036 shares of the apparel and home fashions retailer’s stock valued at $1,092,000 after purchasing an additional 6,576 shares in the last quarter. EagleClaw Capital Managment LLC grew its holdings in TJX Companies by 0.7% during the 4th quarter. EagleClaw Capital Managment LLC now owns 67,605 shares of the apparel and home fashions retailer’s stock valued at $8,167,000 after purchasing an additional 450 shares in the last quarter. Hartford Funds Management Co LLC grew its holdings in TJX Companies by 6.9% during the 4th quarter. Hartford Funds Management Co LLC now owns 19,159 shares of the apparel and home fashions retailer’s stock valued at $2,315,000 after purchasing an additional 1,233 shares in the last quarter. Finally, Chatham Capital Group Inc. grew its holdings in TJX Companies by 0.6% during the 4th quarter. Chatham Capital Group Inc. now owns 29,814 shares of the apparel and home fashions retailer’s stock valued at $3,602,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the subject of a number of recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Guggenheim raised their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays raised their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, Robert W. Baird raised their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Stock Down 2.1 %

TJX stock opened at $120.47 on Friday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a market capitalization of $135.43 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The firm’s 50-day moving average is $122.87 and its two-hundred day moving average is $120.27. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th were paid a $0.375 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. TJX Companies’s dividend payout ratio is currently 35.21%.

Insider Transactions at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

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.