The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Burney Co.

Burney Co. trimmed its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,910 shares of the apparel and home fashions retailer's stock after selling 6,293 shares during the quarter. TJX Companies accounts for approximately 0.8% of Burney Co.'s portfolio, making the stock its 25th largest holding. Burney Co.'s holdings in TJX Companies were worth $23,185,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TJX. Capital Performance Advisors LLP acquired a new position in TJX Companies during the third quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies in the 3rd quarter valued at $29,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies during the 3rd quarter valued at $30,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies during the 3rd quarter worth $30,000. Finally, Northwest Investment Counselors LLC acquired a new stake in TJX Companies in the 3rd quarter valued at $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

TJX Companies stock traded down $0.14 during trading hours on Wednesday, hitting $119.10. 4,906,248 shares of the company traded hands, compared to its average volume of 4,613,272. The firm's 50-day simple moving average is $122.32 and its two-hundred day simple moving average is $117.34. The firm has a market cap of $133.89 billion, a P/E ratio of 28.02, a P/E/G ratio of 3.07 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 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts' consensus estimates 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%. The business's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $1.03 earnings per share. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company 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. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.26%. TJX Companies's dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TJX shares. Evercore ISI upped their target price on TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Wells Fargo & Company upped their price target on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 10th. StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target 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. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.33.

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.