Sargent Investment Group LLC Sells 525 Shares of The TJX Companies, Inc. (NYSE:TJX)

Sargent Investment Group LLC lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 10.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,440 shares of the apparel and home fashions retailer’s stock after selling 525 shares during the period. Sargent Investment Group LLC’s holdings in TJX Companies were worth $532,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TJX. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies in the fourth quarter worth $26,000. Capital Performance Advisors LLP purchased a new position in TJX Companies in the third quarter worth $29,000. Truvestments Capital LLC purchased a new position in TJX Companies in the third quarter worth $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies in the third quarter worth $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in TJX Companies in the third quarter worth $30,000. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Evercore ISI upped their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. UBS Group upped their price target 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. Finally, Robert W. Baird upped their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Stock Performance

TJX Companies stock opened at $125.24 on Wednesday. The firm has a 50 day simple moving average of $123.31 and a 200-day simple moving average of $118.39. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a market cap of $140.79 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 EPS. On average, analysts expect 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. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. TJX Companies’s payout ratio is currently 35.29%.

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.