The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.3% during the 4th quarter, HoldingsChannel reports. The fund owned 74,682 shares of the apparel and home fashions retailer’s stock after selling 2,531 shares during the period. Marks Group Wealth Management Inc’s holdings in TJX Companies were worth $9,022,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of TJX. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies during the fourth quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies during the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies in the 3rd quarter valued at $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in TJX Companies in the 3rd quarter valued at $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

NYSE:TJX opened at $124.66 on Wednesday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The stock’s fifty day moving average is $123.23 and its two-hundred day moving average is $118.85. The company has a market capitalization of $140.14 billion, a P/E ratio of 29.33, a P/E/G 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.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data 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 firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period in the previous year, the firm earned $1.03 EPS. TJX Companies’s revenue was up 6.0% on a year-over-year basis. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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 issued 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 1.20%. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TJX shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Robert W. Baird increased their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Wells Fargo & Company boosted their price target 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. Morgan Stanley increased their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $133.53.

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.