Procyon Advisors LLC Sells 2,631 Shares of The TJX Companies, Inc. (NYSE:TJX)

Procyon Advisors LLC cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,526 shares of the apparel and home fashions retailer's stock after selling 2,631 shares during the period. Procyon Advisors LLC's holdings in TJX Companies were worth $5,138,000 as of its most recent SEC filing.

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

TJX Companies Price Performance

Shares of TJX traded up $0.51 during trading hours on Friday, reaching $121.89. 4,752,383 shares of the company's stock traded hands, compared to its average volume of 4,388,107. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm's 50 day simple moving average is $122.56 and its 200-day simple moving average is $117.46. The stock has a market cap of $137.03 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The company 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 firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies's payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research reports. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Evercore ISI lifted their price objective 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. Telsey Advisory Group restated an "outperform" rating and issued a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft lifted their price target on TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group increased their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $131.33.

TJX Companies 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.