JLB & Associates Inc. Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

JLB & Associates Inc. lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,874 shares of the apparel and home fashions retailer’s stock after selling 4,670 shares during the quarter. TJX Companies accounts for 3.7% of JLB & Associates Inc.’s investment portfolio, making the stock its 5th largest position. JLB & Associates Inc.’s holdings in TJX Companies were worth $26,925,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in TJX Companies by 1.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer’s stock valued at $603,000 after buying an additional 84 shares during the period. Hartford Funds Management Co LLC boosted its stake in TJX Companies by 0.5% in the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after acquiring an additional 86 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position in shares of TJX Companies by 3.4% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock valued at $318,000 after acquiring an additional 90 shares during the period. Hamilton Capital LLC increased its stake in shares of TJX Companies by 3.9% during the 3rd quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock worth $273,000 after purchasing an additional 90 shares during the last quarter. Finally, Breakwater Capital Group raised its holdings in shares of TJX Companies by 1.2% in the 4th quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer’s stock worth $930,000 after purchasing an additional 91 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. TD Cowen increased their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft increased their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Jefferies Financial Group lifted their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a 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. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $134.18.

TJX Companies Stock Performance

NYSE TJX opened at $123.04 on Friday. The company’s 50 day simple moving average is $122.93 and its two-hundred day simple moving average is $119.40. 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 stock has a market capitalization of $138.31 billion, a PE ratio of 28.95, a P/E/G ratio of 2.76 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued 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 1.22%. TJX Companies’s payout ratio is currently 35.29%.

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.