Northstar Asset Management Inc. Sells 5,022 Shares of The TJX Companies, Inc. (NYSE:TJX)

Northstar Asset Management Inc. reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,222 shares of the apparel and home fashions retailer's stock after selling 5,022 shares during the period. TJX Companies comprises approximately 3.9% of Northstar Asset Management Inc.'s holdings, making the stock its 8th biggest position. Northstar Asset Management Inc.'s holdings in TJX Companies were worth $14,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

TJX Companies Stock Performance

TJX stock traded down $1.90 during trading on Friday, reaching $121.08. 5,692,049 shares of the company's stock were exchanged, compared to its average volume of 4,322,778. The firm 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. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company's fifty day moving average price is $122.86 and its 200-day moving average price is $119.48.

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 earnings per share for the quarter, topping 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%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 earnings per share. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders 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 is currently 35.29%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research report on Wednesday. Evercore ISI lifted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Guggenheim increased their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $134.18.

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.