The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Boltwood Capital Management

Boltwood Capital Management lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,151 shares of the apparel and home fashions retailer’s stock after selling 340 shares during the quarter. Boltwood Capital Management’s holdings in TJX Companies were worth $1,589,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CWA Asset Management Group LLC increased its holdings in TJX Companies by 7.3% in the 4th quarter. CWA Asset Management Group LLC now owns 3,774 shares of the apparel and home fashions retailer’s stock valued at $456,000 after purchasing an additional 258 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of 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 buying an additional 827,103 shares during the period. GAMMA Investing LLC lifted its stake in TJX Companies by 10.0% during the 4th quarter. GAMMA Investing LLC now owns 19,965 shares of the apparel and home fashions retailer’s stock worth $2,412,000 after acquiring an additional 1,813 shares in the last quarter. Versant Capital Management Inc boosted its holdings in TJX Companies by 36.9% during the 4th quarter. Versant Capital Management Inc now owns 3,699 shares of the apparel and home fashions retailer’s stock valued at $447,000 after acquiring an additional 998 shares during the period. Finally, Principal Financial Group Inc. grew its position in TJX Companies by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,964,220 shares of the apparel and home fashions retailer’s stock valued at $230,874,000 after acquiring an additional 69,064 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

NYSE:TJX traded up $0.55 during trading hours on Monday, reaching $121.28. 944,898 shares of the company’s stock were exchanged, compared to its average volume of 2,732,886. The TJX Companies, Inc. has a 1-year low of $91.59 and a 1-year 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. The firm has a market capitalization of $136.34 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 3.07 and a beta of 0.90. The company has a 50-day moving average of $121.31 and a 200 day moving average of $116.85.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. 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 firm posted $1.03 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TJX shares. Guggenheim raised their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft increased their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Evercore ISI increased their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Robert W. Baird boosted their price objective on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.89.

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.