The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Boltwood Capital Management

Boltwood Capital Management lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,151 shares of the apparel and home fashions retailer’s stock after selling 340 shares during the quarter. Boltwood Capital Management’s holdings in TJX Companies were worth $1,589,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies during the 3rd quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies during the third quarter worth $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies in the third quarter valued at $30,000. Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies in the third quarter valued at $30,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of TJX Companies in the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. TD Cowen lifted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Robert W. Baird increased their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Guggenheim upped their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.89.

TJX Companies Trading Up 0.5 %

NYSE TJX traded up $0.55 during mid-day trading on Monday, hitting $121.28. The company’s stock had a trading volume of 944,898 shares, compared to its average volume of 2,732,886. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 52-week low of $91.59 and a 52-week high of $128.00. The stock’s fifty day simple moving average is $121.31 and its two-hundred day simple moving average is $116.85. The firm has a market capitalization of $136.34 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 3.07 and a beta of 0.90.

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 the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the business posted $1.03 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current 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 issued 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 1.24%. TJX Companies’s payout ratio is currently 35.29%.

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.