WASHINGTON TRUST Co Sells 3,934 Shares of The TJX Companies, Inc. (NYSE:TJX)

WASHINGTON TRUST Co lessened its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 237,855 shares of the apparel and home fashions retailer's stock after selling 3,934 shares during the quarter. TJX Companies accounts for about 1.0% of WASHINGTON TRUST Co's holdings, making the stock its 19th biggest position. WASHINGTON TRUST Co's holdings in TJX Companies were worth $28,735,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hartford Funds Management Co LLC increased its holdings in TJX Companies by 0.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer's stock worth $2,107,000 after purchasing an additional 86 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its position in shares of TJX Companies by 3.4% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer's stock worth $318,000 after buying an additional 90 shares during the period. Hamilton Capital LLC grew its holdings in shares of TJX Companies by 3.9% during the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer's stock worth $273,000 after buying an additional 90 shares in the last quarter. Breakwater Capital Group raised its position in TJX Companies by 1.2% in the 4th quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer's stock valued at $930,000 after buying an additional 91 shares during the last quarter. Finally, Capital Investment Advisory Services LLC raised its position in TJX Companies by 1.0% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer's stock valued at $1,060,000 after buying an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TJX shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research note on Wednesday. Jefferies Financial Group raised their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Robert W. Baird boosted their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their price objective on TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company upped their target price on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $134.18.

TJX Companies Stock Performance

TJX Companies stock traded down $0.42 during mid-day trading on Wednesday, hitting $123.41. 3,678,721 shares of the company's stock traded hands, compared to its average volume of 4,269,354. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The stock has a market cap of $138.73 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 2.78 and a beta of 0.91. The firm has a 50 day simple moving average of $123.07 and a two-hundred day simple moving average of $119.34. 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 announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS 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%. TJX Companies's revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, February 13th. 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.