Van ECK Associates Corp Sells 21,728 Shares of The TJX Companies, Inc. (NYSE:TJX)

Van ECK Associates Corp reduced its position in The TJX Companies, Inc. (NYSE:TJXFree Report) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297,008 shares of the apparel and home fashions retailer’s stock after selling 21,728 shares during the quarter. Van ECK Associates Corp’s holdings in TJX Companies were worth $35,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of TJX. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies during the 4th quarter valued at approximately $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies in the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies during the third quarter worth approximately $30,000. Truvestments Capital LLC bought a new position in shares of TJX Companies during the 3rd quarter valued at approximately $29,000. Finally, SOA Wealth Advisors LLC. bought a new position in TJX Companies during the fourth quarter valued at $30,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TJX. TD Cowen increased their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Evercore ISI raised their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Morgan Stanley boosted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Jefferies Financial Group increased their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Two equities research 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 presently has an average rating of “Moderate Buy” and an average price target of $133.53.

Check Out Our Latest Report on TJX

TJX Companies Stock Up 1.2 %

Shares of TJX opened at $125.88 on Friday. The stock’s 50-day moving average price is $123.20 and its 200-day moving average price is $118.98. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $141.50 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.82 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.

TJX Companies (NYSE:TJXGet Free Report) 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 firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period in the previous year, the firm earned $1.03 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. TJX Companies’s dividend payout ratio is currently 35.29%.

TJX Companies Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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