Buckingham Capital Management Inc. Sells 23,374 Shares of The TJX Companies, Inc. (NYSE:TJX)

Buckingham Capital Management Inc. trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 37.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,424 shares of the apparel and home fashions retailer’s stock after selling 23,374 shares during the period. Buckingham Capital Management Inc.’s holdings in TJX Companies were worth $4,763,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in TJX Companies by 1.0% in the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock valued at $5,589,783,000 after purchasing an additional 469,287 shares during the period. Geode Capital Management LLC boosted its holdings in TJX Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock valued at $2,795,121,000 after purchasing an additional 363,707 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in TJX Companies by 7.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock valued at $1,079,319,000 after purchasing an additional 643,833 shares during the period. Franklin Resources Inc. boosted its holdings in TJX Companies by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock valued at $837,951,000 after purchasing an additional 657,529 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in TJX Companies by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock valued at $850,428,000 after purchasing an additional 827,103 shares during the period. 91.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on TJX shares. Wells Fargo & Company raised their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Evercore ISI raised their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. Jefferies Financial Group raised their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $133.53.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $124.33 on Tuesday. The stock has a market cap of $139.77 billion, a PE ratio of 29.25, a PEG ratio of 2.82 and a beta of 0.91. The company’s fifty day moving average is $123.17 and its 200 day moving average is $119.19. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. 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 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders 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 dividend yield of 1.21%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

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.