Tranquility Partners LLC Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Tranquility Partners LLC lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,727 shares of the apparel and home fashions retailer’s stock after selling 221 shares during the period. Tranquility Partners LLC’s holdings in TJX Companies were worth $1,658,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TJX. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies in the 4th quarter worth $26,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies during the third quarter valued at about $29,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies during the third quarter valued at about $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies during the third quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies during the third quarter valued at about $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $124.45 on Thursday. The firm has a market cap of $139.90 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 2.82 and a beta of 0.91. The company’s 50 day moving average is $123.22 and its 200 day moving average is $118.94. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00.

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, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company 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. This represents a $1.50 annualized dividend and a yield of 1.21%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Jefferies Financial Group lifted their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. TD Cowen lifted their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. Finally, Evercore ISI lifted their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $133.53.

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.