Taylor Frigon Capital Management LLC Has $1.79 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Taylor Frigon Capital Management LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,819 shares of the apparel and home fashions retailer’s stock after selling 580 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in TJX Companies were worth $1,790,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC acquired a new position in TJX Companies during the fourth quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies during the fourth quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new position in TJX Companies during the third quarter worth approximately $29,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies in the third quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX opened at $124.80 on Thursday. The company has a market capitalization of $140.29 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 2.75 and a beta of 0.91. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The stock has a fifty day simple moving average of $122.87 and a 200 day simple moving average of $119.84. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Sell-side analysts expect 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 issued 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 1.20%. TJX Companies’s payout ratio is currently 35.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Robert W. Baird upped their target price on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Evercore ISI upped their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. UBS Group upped their target price on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. TD Cowen upped their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.18.

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.