Buckingham Capital Management Inc. Sells 23,374 Shares of The TJX Companies, Inc. (NYSE:TJX)

Buckingham Capital Management Inc. cut its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 37.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,424 shares of the apparel and home fashions retailer's stock after selling 23,374 shares during the period. Buckingham Capital Management Inc.'s holdings in TJX Companies were worth $4,763,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TJX. State Street Corp grew its stake in TJX Companies by 1.0% in the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer's stock valued at $5,589,783,000 after buying an additional 469,287 shares during the last quarter. Geode Capital Management LLC grew its stake in TJX Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer's stock valued at $2,795,121,000 after buying an additional 363,707 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in TJX Companies by 7.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer's stock valued at $1,079,319,000 after buying an additional 643,833 shares during the last quarter. Franklin Resources Inc. grew its stake in TJX Companies by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer's stock valued at $837,951,000 after buying an additional 657,529 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in TJX Companies by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer's stock valued at $850,428,000 after buying an additional 827,103 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TJX. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a report on Wednesday. Morgan Stanley upped their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Robert W. Baird upped their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Finally, StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and a consensus price target of $134.18.

TJX Companies Trading Down 1.5 %

Shares of TJX traded down $1.90 during trading hours on Friday, hitting $121.08. 5,692,049 shares of the stock were exchanged, compared to its average volume of 4,322,778. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The business has a 50-day moving average of $122.86 and a 200-day moving average of $119.48. The firm has a market capitalization of $136.11 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 2.76 and a beta of 0.91.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results 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 analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's dividend payout ratio is presently 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.