McKinley Carter Wealth Services Inc. Decreases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

McKinley Carter Wealth Services Inc. lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,683 shares of the apparel and home fashions retailer’s stock after selling 648 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in TJX Companies were worth $10,231,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TJX. International Assets Investment Management LLC boosted its stake in TJX Companies by 13,309.4% in the 3rd 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 purchasing an additional 1,182,272 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of 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 buying an additional 1,102,912 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of 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 valued at $145,166,000 after acquiring an additional 911,351 shares during the period. Canoe Financial LP grew its stake in TJX Companies by 564.0% during the fourth quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer’s stock valued at $128,568,000 after acquiring an additional 903,939 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in TJX Companies by 13.3% during the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock worth $850,428,000 after acquiring an additional 827,103 shares during the period. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on TJX. Guggenheim raised their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft upped their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Evercore ISI lifted their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Morgan Stanley upped their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Price Performance

TJX opened at $124.38 on Wednesday. The firm has a market cap of $139.82 billion, a PE ratio of 29.27, a P/E/G ratio of 3.00 and a beta of 0.91. The stock has a 50-day moving average price of $123.04 and a 200-day moving average price of $118.08. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. 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) last issued its 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 business had revenue of $14.06 billion during 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 for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is currently 35.29%.

About TJX Companies

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.