Thurston Springer Miller Herd & Titak Inc. Sells 3,320 Shares of The TJX Companies, Inc. (NYSE:TJX)

Thurston Springer Miller Herd & Titak Inc. decreased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 31.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,162 shares of the apparel and home fashions retailer's stock after selling 3,320 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in TJX Companies were worth $865,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC raised its holdings in TJX Companies by 17.1% in the 4th quarter. Park Avenue Securities LLC now owns 75,213 shares of the apparel and home fashions retailer's stock worth $9,087,000 after acquiring an additional 11,007 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in shares of TJX Companies by 79.2% in the 4th quarter. Kathmere Capital Management LLC now owns 4,518 shares of the apparel and home fashions retailer's stock worth $546,000 after purchasing an additional 1,997 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of TJX Companies by 11.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,979,506 shares of the apparel and home fashions retailer's stock worth $239,144,000 after purchasing an additional 195,959 shares during the last quarter. Board of the Pension Protection Fund bought a new position in shares of TJX Companies during the fourth quarter valued at $713,000. Finally, Fifth Third Wealth Advisors LLC boosted its position in shares of TJX Companies by 7.4% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 24,010 shares of the apparel and home fashions retailer's stock valued at $2,901,000 after buying an additional 1,652 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of NYSE TJX traded up $2.31 during midday trading on Thursday, reaching $121.42. The stock had a trading volume of 3,840,027 shares, compared to its average volume of 4,536,305. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a market capitalization of $136.49 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The stock has a 50-day moving average of $122.39 and a 200-day moving average of $117.35.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating 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 business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the firm posted $1.03 EPS. The company's revenue was up 6.0% on a year-over-year basis. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders 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 yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TJX. Jefferies Financial Group boosted their target price on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. TD Cowen increased their price target on TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Finally, Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.33.

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.