Bryn Mawr Capital Management LLC Cuts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Bryn Mawr Capital Management LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 87.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,173 shares of the apparel and home fashions retailer's stock after selling 102,035 shares during the period. Bryn Mawr Capital Management LLC's holdings in TJX Companies were worth $1,712,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC acquired a new position in TJX Companies during the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the fourth quarter worth about $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies in the third quarter worth approximately $29,000. Truvestments Capital LLC bought a new stake in TJX Companies in the third quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the 3rd quarter valued at approximately $30,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 1.5 %

Shares of NYSE TJX traded down $1.90 during midday trading on Friday, hitting $121.08. 5,692,049 shares of the stock traded hands, compared to its average volume of 4,322,778. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The business has a 50 day moving average price of $122.93 and a two-hundred day moving average price of $119.40. The company has a market cap of $136.11 billion, a PE ratio of 28.49, a P/E/G ratio of 2.76 and a beta of 0.91.

TJX Companies (NYSE:TJX - Get Free Report) last posted 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. The business had revenue of $14.06 billion during 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 revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 EPS. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies's dividend payout ratio (DPR) is 35.29%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TJX shares. StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, December 5th. TD Cowen increased their price target on TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Jefferies Financial Group lifted their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, Evercore ISI boosted their price objective on TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.