Stanley Laman Group Ltd. Sells 333 Shares of The TJX Companies, Inc. (NYSE:TJX)

Stanley Laman Group Ltd. reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,009 shares of the apparel and home fashions retailer’s stock after selling 333 shares during the period. Stanley Laman Group Ltd.’s holdings in TJX Companies were worth $4,834,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Consolidated Planning Corp raised its holdings in TJX Companies by 2.6% during the fourth quarter. Consolidated Planning Corp now owns 32,759 shares of the apparel and home fashions retailer’s stock valued at $3,958,000 after buying an additional 831 shares in the last quarter. Raab & Moskowitz Asset Management LLC raised its holdings in TJX Companies by 3.2% during the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 105,917 shares of the apparel and home fashions retailer’s stock valued at $12,796,000 after buying an additional 3,280 shares in the last quarter. Channing Global Advisors LLC raised its holdings in TJX Companies by 42.6% during the fourth quarter. Channing Global Advisors LLC now owns 13,298 shares of the apparel and home fashions retailer’s stock valued at $1,607,000 after buying an additional 3,974 shares in the last quarter. Retirement Guys Formula LLC raised its holdings in TJX Companies by 9.4% during the fourth quarter. Retirement Guys Formula LLC now owns 7,044 shares of the apparel and home fashions retailer’s stock valued at $851,000 after buying an additional 607 shares in the last quarter. Finally, Avion Wealth grew its position in shares of TJX Companies by 18.0% in the fourth quarter. Avion Wealth now owns 662 shares of the apparel and home fashions retailer’s stock valued at $79,000 after purchasing an additional 101 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Robert W. Baird lifted their target price on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Finally, TD Cowen boosted their price objective 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. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.53.

TJX Companies Price Performance

Shares of TJX stock opened at $124.45 on Thursday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The firm has a market capitalization of $139.90 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. 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 firm has a fifty day moving average of $123.22 and a 200-day moving average of $118.94.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend 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.