Gateway Investment Advisers LLC Sells 3,293 Shares of The TJX Companies, Inc. (NYSE:TJX)

Gateway Investment Advisers LLC lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 15.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,949 shares of the apparel and home fashions retailer’s stock after selling 3,293 shares during the period. Gateway Investment Advisers LLC’s holdings in TJX Companies were worth $2,168,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new position in TJX Companies in the 3rd quarter valued at $29,000. Truvestments Capital LLC acquired a new position in TJX Companies in the 3rd quarter valued at $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies in the 3rd quarter valued at $30,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies in the 3rd quarter valued at $30,000. Finally, Northwest Investment Counselors LLC acquired a new position in TJX Companies in the 3rd quarter valued at $37,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX opened at $121.89 on Friday. 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 TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The firm has a market cap of $137.03 billion, a PE ratio of 28.68, a PEG ratio of 2.94 and a beta of 0.91. The stock’s fifty day moving average price is $122.48 and its two-hundred day moving average price is $117.38.

TJX Companies (NYSE:TJX) last released 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 return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period in the previous year, the company posted $1.03 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Analyst Upgrades and Downgrades

TJX has been the topic of several analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft increased their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Wells Fargo & Company increased 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. Jefferies Financial Group increased their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Three research 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, TJX Companies has a consensus rating of “Moderate Buy” and an average target price 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.