Rhumbline Advisers Trims Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Rhumbline Advisers lessened its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,246,576 shares of the apparel and home fashions retailer's stock after selling 45,113 shares during the period. Rhumbline Advisers owned about 0.20% of TJX Companies worth $271,409,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Bogart Wealth LLC purchased a new stake in TJX Companies during the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies in the 4th quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies during the 3rd quarter valued at $29,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the third quarter worth approximately $30,000. Finally, Truvestments Capital LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at about $29,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of TJX Companies stock traded down $0.42 on Wednesday, reaching $123.41. 3,678,721 shares of the stock were exchanged, compared to its average volume of 4,269,354. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The firm has a market capitalization of $138.73 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 2.78 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 business has a 50 day moving average price of $123.07 and a two-hundred day moving average price of $119.34.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $13.95 billion. During the same quarter last year, the company earned $1.03 earnings per share. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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 given a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. TJX Companies's dividend payout ratio (DPR) is presently 35.29%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. Telsey Advisory Group restated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research note on Wednesday. Guggenheim lifted their price target 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. TD Cowen increased their price target on TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Finally, Morgan Stanley lifted their target price on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $134.18.

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.