The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Bristlecone Advisors LLC

Bristlecone Advisors LLC trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,759 shares of the apparel and home fashions retailer’s stock after selling 141 shares during the period. Bristlecone Advisors LLC’s holdings in TJX Companies were worth $575,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in TJX. International Assets Investment Management LLC raised its position in shares of 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 valued at $140,008,000 after purchasing an additional 1,182,272 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of TJX Companies by 161.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock valued at $210,003,000 after purchasing an additional 1,102,912 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of TJX Companies by 281.6% in the 3rd 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 purchasing an additional 911,351 shares in the last quarter. Canoe Financial LP raised its position in shares of TJX Companies by 564.0% in the 4th 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 purchasing an additional 903,939 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of TJX Companies by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock valued at $850,428,000 after purchasing an additional 827,103 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TJX shares. Wells Fargo & Company upped their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Guggenheim boosted their price target on 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 reiterated an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, Morgan Stanley boosted their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $133.53.

TJX Companies Price Performance

Shares of TJX opened at $124.92 on Tuesday. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a market cap of $140.43 billion, a P/E ratio of 29.39, a PEG ratio of 2.82 and a beta of 0.91. The stock has a fifty day moving average price of $123.25 and a 200 day moving average price of $118.76. 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 released 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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 paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. TJX Companies’s payout ratio is 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.