Brady Family Wealth LLC Sells 1,045 Shares of The TJX Companies, Inc. (NYSE:TJX)

Brady Family Wealth LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 2.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 37,843 shares of the apparel and home fashions retailer’s stock after selling 1,045 shares during the period. TJX Companies accounts for 1.4% of Brady Family Wealth LLC’s investment portfolio, making the stock its 23rd biggest holding. Brady Family Wealth LLC’s holdings in TJX Companies were worth $4,572,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. RMR Wealth Builders lifted its holdings in TJX Companies by 203.0% in the fourth quarter. RMR Wealth Builders now owns 12,347 shares of the apparel and home fashions retailer’s stock valued at $1,492,000 after buying an additional 8,272 shares during the period. Armstrong Advisory Group Inc. lifted its stake in shares of TJX Companies by 0.7% in the 4th quarter. Armstrong Advisory Group Inc. now owns 32,023 shares of the apparel and home fashions retailer’s stock valued at $3,869,000 after purchasing an additional 215 shares during the period. Laurel Wealth Advisors LLC boosted its position in shares of TJX Companies by 0.3% in the 4th quarter. Laurel Wealth Advisors LLC now owns 32,501 shares of the apparel and home fashions retailer’s stock worth $3,926,000 after purchasing an additional 100 shares during the last quarter. Clarus Wealth Advisors acquired a new stake in shares of TJX Companies during the fourth quarter worth $815,000. Finally, Park Avenue Securities LLC increased its holdings in TJX Companies by 17.1% in the fourth quarter. Park Avenue Securities LLC now owns 75,213 shares of the apparel and home fashions retailer’s stock valued at $9,087,000 after purchasing an additional 11,007 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.1 %

NYSE:TJX opened at $119.10 on Thursday. 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 TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a market cap of $133.89 billion, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The business has a 50 day moving average price of $122.32 and a two-hundred day moving average price of $117.34.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors 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 1.26%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TJX. Telsey Advisory Group restated an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. Evercore ISI lifted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Jefferies Financial Group upped their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Finally, TD Cowen upped their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

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.