Linscomb Wealth Inc. Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Linscomb Wealth Inc. reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,427 shares of the apparel and home fashions retailer’s stock after selling 639 shares during the quarter. Linscomb Wealth Inc.’s holdings in TJX Companies were worth $2,347,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Provident Trust Co. raised its stake in TJX Companies by 71.3% in the 4th quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock worth $328,984,000 after acquiring an additional 1,133,486 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of TJX Companies by 161.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock valued at $210,003,000 after purchasing an additional 1,102,912 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of TJX Companies by 281.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock worth $145,166,000 after purchasing an additional 911,351 shares during the last quarter. Canoe Financial LP lifted its holdings in shares of TJX Companies by 564.0% during the fourth quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer’s stock worth $128,568,000 after purchasing an additional 903,939 shares during the period. Finally, Nordea Investment Management AB boosted its position in TJX Companies by 13.3% in the fourth 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 last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TJX shares. BMO Capital Markets raised their price target on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday. Jefferies Financial Group raised their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Barclays boosted their price objective on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday. TD Cowen raised their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Robert W. Baird boosted their price target on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Price Performance

NYSE:TJX opened at $124.79 on Friday. The stock has a 50 day moving average of $122.98 and a two-hundred day moving average of $119.95. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The firm has a market cap of $140.28 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. On average, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share 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 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 yield of 1.20%. TJX Companies’s payout ratio is presently 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.