SPC Financial Inc. Sells 98 Shares of The TJX Companies, Inc. (NYSE:TJX)

SPC Financial Inc. decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,510 shares of the apparel and home fashions retailer’s stock after selling 98 shares during the period. SPC Financial Inc.’s holdings in TJX Companies were worth $424,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bogart Wealth LLC acquired a new position in TJX Companies during the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies during the fourth quarter worth $26,000. Capital Performance Advisors LLP acquired a new position in TJX Companies during the third quarter worth $29,000. Truvestments Capital LLC acquired a new position in TJX Companies during the third quarter worth $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in TJX Companies during the third quarter worth $30,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX opened at $123.08 on Thursday. The firm has a 50-day moving average of $122.96 and a 200-day moving average of $120.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a market cap of $138.36 billion, a PE ratio of 28.96, a P/E/G ratio of 2.75 and a beta of 0.91. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current 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. This represents a $1.50 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is 35.21%.

Insider Buying and Selling

In related news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

TJX has been the subject of several recent research reports. Jefferies Financial Group increased 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. Deutsche Bank Aktiengesellschaft increased their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Robert W. Baird increased their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. BMO Capital Markets increased their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $135.06.

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.