Hardy Reed LLC Has $1.06 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Hardy Reed LLC trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,737 shares of the apparel and home fashions retailer’s stock after selling 250 shares during the period. Hardy Reed LLC’s holdings in TJX Companies were worth $1,056,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sunpointe LLC lifted its position in shares of TJX Companies by 2.5% in the fourth quarter. Sunpointe LLC now owns 6,606 shares of the apparel and home fashions retailer’s stock worth $798,000 after purchasing an additional 164 shares in the last quarter. Ieq Capital LLC lifted its position in shares of TJX Companies by 9.9% in the fourth quarter. Ieq Capital LLC now owns 87,274 shares of the apparel and home fashions retailer’s stock worth $10,544,000 after purchasing an additional 7,876 shares in the last quarter. CogentBlue Wealth Advisors LLC purchased a new stake in shares of TJX Companies in the fourth quarter worth approximately $1,561,000. Private Advisor Group LLC lifted its position in shares of TJX Companies by 9.6% in the fourth quarter. Private Advisor Group LLC now owns 101,266 shares of the apparel and home fashions retailer’s stock worth $12,234,000 after purchasing an additional 8,862 shares in the last quarter. Finally, Hudson Value Partners LLC lifted its position in shares of TJX Companies by 13.1% in the fourth quarter. Hudson Value Partners LLC now owns 2,432 shares of the apparel and home fashions retailer’s stock worth $294,000 after purchasing an additional 282 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Down 0.3 %

Shares of TJX stock opened at $123.41 on Thursday. The business’s 50 day moving average is $123.00 and its two-hundred day moving average is $119.37. The company has a market cap of $138.73 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 2.76 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 TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00.

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

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. TJX Companies’s payout ratio is 35.29%.

Analyst Ratings Changes

TJX has been the subject of a number of research analyst reports. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Evercore ISI raised their price objective 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. Jefferies Financial Group raised their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.18.

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.