Tidal Investments LLC Sells 4,236 Shares of The TJX Companies, Inc. (NYSE:TJX)

Tidal Investments LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 63,403 shares of the apparel and home fashions retailer's stock after selling 4,236 shares during the period. Tidal Investments LLC's holdings in TJX Companies were worth $7,452,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in TJX. First Trust Direct Indexing L.P. raised its stake in shares of TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer's stock valued at $5,537,000 after purchasing an additional 5,207 shares during the period. Unigestion Holding SA acquired a new stake in TJX Companies in the 3rd quarter valued at approximately $22,684,000. Swedbank AB boosted its position in TJX Companies by 45.9% during the 2nd quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer's stock worth $114,722,000 after acquiring an additional 327,684 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of TJX Companies by 229.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer's stock worth $24,387,000 after acquiring an additional 154,342 shares in the last quarter. Finally, Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of TJX Companies in the second quarter valued at approximately $2,310,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

NYSE:TJX traded down $1.09 during trading hours on Friday, hitting $125.33. The company's stock had a trading volume of 2,130,514 shares, compared to its average volume of 5,229,559. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a market capitalization of $140.89 billion, a P/E ratio of 29.75, a PEG ratio of 3.12 and a beta of 0.90. The TJX Companies, Inc. has a twelve month low of $88.58 and a twelve month high of $128.00. The stock has a fifty day simple moving average of $118.90 and a 200-day simple moving average of $114.92.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The company 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%. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 earnings per share. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. TJX Companies's payout ratio is 35.29%.

Analysts Set New Price Targets

TJX has been the subject of a number of analyst reports. Evercore ISI raised their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Robert W. Baird lifted their target price on TJX Companies from $133.00 to $138.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft increased their price target on TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Barclays upped their price objective on TJX Companies from $114.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Finally, Guggenheim raised their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $130.89.

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.