Bartlett & CO. Wealth Management LLC Sells 11,563 Shares of The TJX Companies, Inc. (NYSE:TJX)

Bartlett & CO. Wealth Management LLC reduced its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,090,976 shares of the apparel and home fashions retailer’s stock after selling 11,563 shares during the period. TJX Companies accounts for approximately 1.9% of Bartlett & CO. Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. Bartlett & CO. Wealth Management LLC’s holdings in TJX Companies were worth $131,801,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies in the 4th quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the third quarter valued at approximately $29,000. Legacy Investment Solutions LLC bought a new position in shares of TJX Companies in the 3rd quarter worth $30,000. Truvestments Capital LLC bought a new position in shares of TJX Companies in the 3rd quarter worth $29,000. Finally, Copeland Capital Management LLC bought a new stake in TJX Companies during the 3rd quarter valued at $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Evercore ISI lifted their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company upped their price objective 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. Robert W. Baird lifted their target price on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, TD Cowen boosted their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $131.67.

TJX Companies Trading Down 0.6 %

NYSE TJX opened at $122.56 on Thursday. The firm has a market cap of $137.77 billion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 3.02 and a beta of 0.91. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The stock has a 50-day moving average of $122.70 and a 200-day moving average of $117.72. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.22%. TJX Companies’s dividend 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.