Wealth Effects LLC Sells 508 Shares of The TJX Companies, Inc. (NYSE:TJX)

Wealth Effects LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 15.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,837 shares of the apparel and home fashions retailer’s stock after selling 508 shares during the period. Wealth Effects LLC’s holdings in TJX Companies were worth $343,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies during the 3rd quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies in the 3rd quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies during the third quarter valued at approximately $30,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 1.8 %

Shares of TJX Companies stock opened at $124.89 on Tuesday. The stock has a market capitalization of $140.39 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91. 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 company has a 50-day simple moving average of $122.84 and a two-hundred day simple moving average of $117.94. 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 posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company earned $1.03 earnings per share. TJX Companies’s revenue was up 6.0% on a year-over-year basis. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. TJX Companies’s payout ratio is 35.29%.

Analysts Set New Price Targets

TJX has been the topic of several recent analyst reports. TD Cowen lifted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Wells Fargo & Company lifted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Guggenheim increased their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

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.