McKinley Carter Wealth Services Inc. Trims Position in The TJX Companies, Inc. (NYSE:TJX)

McKinley Carter Wealth Services Inc. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,683 shares of the apparel and home fashions retailer’s stock after selling 648 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in TJX Companies were worth $10,231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies during the fourth quarter valued at $26,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies in the third quarter worth about $29,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies during the 3rd quarter valued at about $29,000. Copeland Capital Management LLC bought a new position in shares of TJX Companies during the 3rd quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the 3rd quarter worth approximately $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TJX shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Morgan Stanley lifted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Robert W. Baird raised their price target on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upped their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group lifted their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.67.

TJX Companies Stock Down 0.4 %

Shares of NYSE TJX opened at $124.38 on Wednesday. The stock has a market capitalization of $139.82 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 3.00 and a beta of 0.91. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $123.04 and its 200-day moving average price is $118.08.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the company earned $1.03 EPS. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders 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 1.21%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

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.