Tobam Sells 947 Shares of The TJX Companies, Inc. (NYSE:TJX)

Tobam cut its position in The TJX Companies, Inc. (NYSE:TJX) by 22.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,235 shares of the apparel and home fashions retailer’s stock after selling 947 shares during the period. Tobam’s holdings in TJX Companies were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of TJX. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies in the 3rd quarter worth approximately $29,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies during the third quarter worth $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies in the third quarter worth about $30,000. Finally, Legacy Investment Solutions LLC purchased a new stake in TJX Companies during the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX opened at $124.64 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market cap of $140.11 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The business has a fifty day moving average of $123.27 and a 200-day moving average of $118.59.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 8.63% and a return on equity of 61.82%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. As a group, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on TJX shares. Robert W. Baird upped their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. UBS Group boosted their target price 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $133.53.

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.