Franklin Street Advisors Inc. NC Decreases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Franklin Street Advisors Inc. NC lessened its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 30.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 209,617 shares of the apparel and home fashions retailer's stock after selling 93,649 shares during the quarter. TJX Companies makes up about 1.7% of Franklin Street Advisors Inc. NC's investment portfolio, making the stock its 16th largest position. Franklin Street Advisors Inc. NC's holdings in TJX Companies were worth $25,324,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. increased its position in TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer's stock worth $1,347,934,000 after purchasing an additional 3,063,318 shares during the last quarter. Capital Wealth Planning LLC bought a new position in shares of TJX Companies in the second quarter worth about $315,698,000. International Assets Investment Management LLC lifted its stake in TJX Companies by 13,309.4% in the third quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer's stock worth $140,008,000 after acquiring an additional 1,182,272 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in TJX Companies by 161.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer's stock worth $210,003,000 after acquiring an additional 1,102,912 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in TJX Companies by 281.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer's stock worth $145,166,000 after acquiring an additional 911,351 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TJX. UBS Group increased their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday. Guggenheim increased their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Jefferies Financial Group upped their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Robert W. Baird upped their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. Three research 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.33.

TJX Companies Stock Performance

NYSE:TJX traded down $1.65 during midday trading on Friday, hitting $120.00. The company's stock had a trading volume of 4,355,153 shares, compared to its average volume of 4,560,075. The firm has a market cap of $134.90 billion, a P/E ratio of 28.24, a P/E/G ratio of 3.07 and a beta of 0.91. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The firm's 50 day moving average is $121.91 and its 200-day moving average is $117.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analysts' expectations 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 was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. Equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.25%. TJX Companies's payout ratio is 35.29%.

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.