The TJX Companies, Inc. (NYSE:TJX) Stock Position Decreased by Norris Perne & French LLP MI

Norris Perne & French LLP MI lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 128,744 shares of the apparel and home fashions retailer’s stock after selling 2,311 shares during the period. Norris Perne & French LLP MI’s holdings in TJX Companies were worth $15,554,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies in the fourth quarter worth $26,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies in the 3rd quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new stake in TJX Companies in the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies during the third quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in TJX Companies in the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Morgan Stanley upped their target price on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft lifted their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Guggenheim upped their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group increased their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.67.

TJX Companies Price Performance

TJX Companies stock opened at $126.09 on Friday. The business has a 50-day simple moving average of $123.13 and a 200 day simple moving average of $118.13. The stock has a market cap of $141.74 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 3.04 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 52 week low of $92.35 and a 52 week high of $128.00.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping 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 company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the previous year, the company posted $1.03 EPS. TJX Companies’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

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.