The TJX Companies, Inc. (NYSE:TJX) Stake Lowered by International Assets Investment Management LLC

International Assets Investment Management LLC cut its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 99.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,233 shares of the apparel and home fashions retailer's stock after selling 1,179,922 shares during the quarter. International Assets Investment Management LLC's holdings in TJX Companies were worth $1,361,000 at the end of the most recent quarter.

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

TJX Companies Trading Up 1.4 %

Shares of NYSE:TJX traded up $1.70 during mid-day trading on Thursday, hitting $121.84. The stock had a trading volume of 5,219,181 shares, compared to its average volume of 4,597,890. The company's 50 day moving average is $121.91 and its 200-day moving average is $117.05. The TJX Companies, Inc. has a 12-month low of $92.20 and a 12-month high of $128.00. 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 company has a market cap of $136.97 billion, a PE ratio of 28.67, a P/E/G ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX - Get Free Report) last announced its 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the business earned $1.03 EPS. The company's revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.23%. TJX Companies's dividend payout ratio is 35.29%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Robert W. Baird upped their price objective 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. TD Cowen upped their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Jefferies Financial Group boosted their target price on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $130.89.

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.