Bartlett & CO. Wealth Management LLC Sells 11,563 Shares of The TJX Companies, Inc. (NYSE:TJX)

Bartlett & CO. Wealth Management LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,090,976 shares of the apparel and home fashions retailer’s stock after selling 11,563 shares during the period. TJX Companies comprises 1.9% of Bartlett & CO. Wealth Management LLC’s holdings, making the stock its 12th largest position. Bartlett & CO. Wealth Management LLC owned about 0.10% of TJX Companies worth $131,801,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Trust Direct Indexing L.P. boosted its stake in shares of TJX Companies by 12.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after acquiring an additional 5,207 shares during the period. Courier Capital LLC lifted its holdings in TJX Companies by 55.1% during the 4th quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock valued at $4,166,000 after purchasing an additional 12,247 shares during the last quarter. Board of the Pension Protection Fund bought a new position in TJX Companies during the fourth quarter worth $713,000. Unigestion Holding SA acquired a new position in shares of TJX Companies in the third quarter valued at $22,684,000. Finally, Miracle Mile Advisors LLC raised its position in shares of TJX Companies by 43.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock valued at $2,549,000 after purchasing an additional 6,344 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. TD Cowen upped their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Jefferies Financial Group lifted their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Morgan Stanley upped their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Robert W. Baird raised their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Stock Down 0.6 %

Shares of TJX opened at $122.56 on Thursday. The stock has a market capitalization of $137.77 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 3.02 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. 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 fifty day moving average of $122.70 and a 200-day moving average of $117.72.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share 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 company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

TJX Companies 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.