The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,634 shares of the apparel and home fashions retailer’s stock after selling 183 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in TJX Companies were worth $3,701,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TJX. Provident Trust Co. raised its position in shares of TJX Companies by 71.3% during 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of TJX Companies by 161.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock worth $210,003,000 after acquiring an additional 1,102,912 shares in the last quarter. Capital Wealth Planning LLC raised its position in shares of TJX Companies by 39.1% during the 4th quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer’s stock worth $441,953,000 after acquiring an additional 1,027,456 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of TJX Companies by 281.6% during the 3rd 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 acquiring an additional 911,351 shares in the last quarter. Finally, Canoe Financial LP raised its position in shares of TJX Companies by 564.0% during the 4th quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer’s stock worth $128,568,000 after acquiring an additional 903,939 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Morgan Stanley lifted their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Jefferies Financial Group lifted their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday. Finally, TD Cowen lifted their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Stock Performance

Shares of TJX opened at $124.79 on Friday. 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 capitalization of $140.28 billion, a P/E ratio of 29.36, a P/E/G ratio of 2.75 and a beta of 0.91. The company’s fifty day moving average is $122.98 and its two-hundred day moving average is $120.02. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

Insider Buying and Selling

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

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.