Argus Investors Counsel Inc. Sells 1,200 Shares of The TJX Companies, Inc. (NYSE:TJX)

Argus Investors Counsel Inc. lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 13.2% in the fourth quarter, HoldingsChannel reports. The firm owned 7,915 shares of the apparel and home fashions retailer’s stock after selling 1,200 shares during the period. Argus Investors Counsel Inc.’s holdings in TJX Companies were worth $956,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies in the third quarter worth about $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies during the third quarter worth about $29,000. Copeland Capital Management LLC bought a new position in shares of TJX Companies during the 3rd quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 0.3 %

Shares of TJX stock opened at $125.53 on Thursday. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The stock has a market cap of $141.11 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 3.05 and a beta of 0.91. The firm’s 50-day moving average is $123.27 and its 200-day moving average is $118.53. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $1.03 earnings per share. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

Several analysts have commented on TJX shares. UBS Group raised their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upped their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company lifted their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Jefferies Financial Group increased their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Evercore ISI boosted their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average 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.