Mutual Advisors LLC Sells 1,065 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mutual Advisors LLC lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,787 shares of the apparel and home fashions retailer’s stock after selling 1,065 shares during the quarter. Mutual Advisors LLC’s holdings in TJX Companies were worth $2,402,000 at the end of the most recent quarter.

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

TJX Companies Price Performance

NYSE:TJX opened at $122.75 on Friday. 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 cap of $137.99 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company’s 50-day moving average price is $122.73 and its two-hundred day moving average price is $117.75.

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 return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the business earned $1.03 EPS. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. TJX Companies’s dividend payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Morgan Stanley upped their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday. Wells Fargo & Company boosted 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. TD Cowen upped their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Three investment 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 presently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

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.