Franklin Street Advisors Inc. NC Has $25.32 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Franklin Street Advisors Inc. NC cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 30.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 209,617 shares of the apparel and home fashions retailer’s stock after selling 93,649 shares during the quarter. TJX Companies accounts for 1.7% of Franklin Street Advisors Inc. NC’s investment portfolio, making the stock its 16th biggest position. Franklin Street Advisors Inc. NC’s holdings in TJX Companies were worth $25,324,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its position in TJX Companies by 43.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 888,668 shares of the apparel and home fashions retailer’s stock valued at $104,455,000 after purchasing an additional 269,331 shares during the last quarter. ORG Partners LLC boosted its position in TJX Companies by 45.1% during the fourth quarter. ORG Partners LLC now owns 2,442 shares of the apparel and home fashions retailer’s stock valued at $295,000 after purchasing an additional 759 shares during the last quarter. Legacy Private Trust Co. boosted its position in TJX Companies by 11.6% during the fourth quarter. Legacy Private Trust Co. now owns 28,004 shares of the apparel and home fashions retailer’s stock valued at $3,383,000 after purchasing an additional 2,920 shares during the last quarter. Private Client Services LLC acquired a new position in TJX Companies during the fourth quarter valued at approximately $223,000. Finally, Norway Savings Bank boosted its position in TJX Companies by 8.7% during the fourth quarter. Norway Savings Bank now owns 12,978 shares of the apparel and home fashions retailer’s stock valued at $1,568,000 after purchasing an additional 1,037 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of TJX stock traded down $0.45 during trading hours on Friday, reaching $121.20. The company’s stock had a trading volume of 1,077,349 shares, compared to its average volume of 3,996,358. The firm’s 50 day simple moving average is $121.91 and its 200-day simple moving average is $117.05. The company has a market capitalization of $136.25 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 3.07 and a beta of 0.91. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week 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.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share 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 company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the business posted $1.03 EPS. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Robert W. Baird raised their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Wells Fargo & Company raised their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Jefferies Financial Group raised their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $131.17.

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.