Davis R M Inc. lowered its position in TJX Companies Inc (NYSE:TJX) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 884,160 shares of the apparel and home fashions retailer’s stock after selling 990 shares during the quarter. TJX Companies accounts for approximately 1.8% of Davis R M Inc.’s holdings, making the stock its 11th biggest holding. Davis R M Inc.’s holdings in TJX Companies were worth $53,987,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TJX. Livingston Group Asset Management CO operating as Southport Capital Management increased its position in TJX Companies by 3.6% during the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 4,717 shares of the apparel and home fashions retailer’s stock worth $288,000 after purchasing an additional 165 shares in the last quarter. Financial Architects Inc increased its position in TJX Companies by 2.3% during the 3rd quarter. Financial Architects Inc now owns 7,534 shares of the apparel and home fashions retailer’s stock worth $420,000 after purchasing an additional 170 shares in the last quarter. NewFocus Financial Group LLC increased its position in TJX Companies by 0.6% during the 3rd quarter. NewFocus Financial Group LLC now owns 28,678 shares of the apparel and home fashions retailer’s stock worth $1,599,000 after purchasing an additional 171 shares in the last quarter. Grimes & Company Inc. increased its position in TJX Companies by 1.8% during the 3rd quarter. Grimes & Company Inc. now owns 9,886 shares of the apparel and home fashions retailer’s stock worth $551,000 after purchasing an additional 172 shares in the last quarter. Finally, Aries Wealth Management increased its position in TJX Companies by 3.9% during the 3rd quarter. Aries Wealth Management now owns 4,801 shares of the apparel and home fashions retailer’s stock worth $281,000 after purchasing an additional 179 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

A number of research firms recently commented on TJX. ValuEngine cut TJX Companies from a “sell” rating to a “strong sell” rating in a research report on Monday, November 4th. DA Davidson restated a “positive” rating and issued a $70.00 price target (up previously from $65.00) on shares of TJX Companies in a report on Wednesday, November 20th. Citigroup lifted their price target on TJX Companies from $58.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley restated a “buy” rating and issued a $62.00 price target on shares of TJX Companies in a report on Monday, December 9th. Finally, Wells Fargo & Co restated a “hold” rating on shares of TJX Companies in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $65.42.

Shares of NYSE TJX traded up $0.03 during midday trading on Thursday, hitting $62.46. The stock had a trading volume of 2,527,132 shares, compared to its average volume of 3,620,720. The company has a market capitalization of $74.96 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 2.23 and a beta of 0.68. TJX Companies Inc has a 1-year low of $48.19 and a 1-year high of $63.03. The company has a quick ratio of 0.40, a current ratio of 1.22 and a debt-to-equity ratio of 1.81. The company has a fifty day moving average price of $61.14 and a 200 day moving average price of $57.51.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, November 19th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.02. The business had revenue of $10.45 billion for the quarter, compared to analyst estimates of $10.31 billion. TJX Companies had a return on equity of 57.63% and a net margin of 7.70%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 EPS. On average, research analysts forecast that TJX Companies Inc will post 2.63 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 13th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Wednesday, February 12th. TJX Companies’s dividend payout ratio is currently 43.60%.

In other news, Chairman Carol Meyrowitz sold 74,262 shares of TJX Companies stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $60.55, for a total value of $4,496,564.10. Following the transaction, the chairman now directly owns 330,679 shares of the company’s stock, valued at approximately $20,022,613.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 127,296 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $60.38, for a total value of $7,686,132.48. Following the transaction, the chief executive officer now directly owns 575,966 shares in the company, valued at $34,776,827.08. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

See Also: Overbought

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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