TJX Companies, Inc. (The) (TJX) Position Lowered by Twin Capital Management Inc.

Twin Capital Management Inc. cut its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,527 shares of the apparel and home fashions retailer’s stock after selling 2,096 shares during the period. Twin Capital Management Inc.’s holdings in TJX Companies, Inc. (The) were worth $4,022,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TJX. Parkside Financial Bank & Trust boosted its position in TJX Companies, Inc. (The) by 0.6% in the third quarter. Parkside Financial Bank & Trust now owns 2,002 shares of the apparel and home fashions retailer’s stock worth $150,000 after buying an additional 11 shares during the last quarter. Cypress Wealth Advisors LLC boosted its position in TJX Companies, Inc. (The) by 0.6% in the second quarter. Cypress Wealth Advisors LLC now owns 3,949 shares of the apparel and home fashions retailer’s stock worth $305,000 after buying an additional 22 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in TJX Companies, Inc. (The) by 0.8% in the second quarter. Sequoia Financial Advisors LLC now owns 3,639 shares of the apparel and home fashions retailer’s stock worth $281,000 after buying an additional 30 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in TJX Companies, Inc. (The) by 1.3% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,139 shares of the apparel and home fashions retailer’s stock worth $234,000 after buying an additional 39 shares during the last quarter. Finally, Linscomb & Williams Inc. boosted its position in TJX Companies, Inc. (The) by 0.4% in the fourth quarter. Linscomb & Williams Inc. now owns 11,085 shares of the apparel and home fashions retailer’s stock worth $833,000 after buying an additional 41 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for TJX Companies, Inc. (The) (NYSE:TJX)

Shares of TJX Companies, Inc. (NYSE:TJX) opened at 77.05 on Friday. The firm has a market cap of $50.23 billion, a PE ratio of 22.57 and a beta of 0.70. The stock’s 50 day moving average is $75.61 and its 200-day moving average is $76.47. TJX Companies, Inc. has a 52 week low of $70.25 and a 52 week high of $83.64.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings data on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.04. TJX Companies, Inc. (The) had a return on equity of 53.12% and a net margin of 7.00%. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the previous year, the business earned $0.86 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities analysts predict that TJX Companies, Inc. will post $3.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 2nd. Stockholders of record on Thursday, February 9th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Tuesday, February 7th. TJX Companies, Inc. (The)’s dividend payout ratio is presently 30.41%.

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A number of research analysts have recently commented on the stock. Susquehanna Bancshares Inc assumed coverage on shares of TJX Companies, Inc. (The) in a report on Friday. They issued a “positive” rating and a $92.00 price target on the stock. Deutsche Bank AG upped their price target on shares of TJX Companies, Inc. (The) from $83.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, January 18th. Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday, January 17th. RBC Capital Markets restated a “buy” rating and issued a $80.00 price target on shares of TJX Companies, Inc. (The) in a report on Thursday, January 5th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $70.00 price target on shares of TJX Companies, Inc. (The) in a report on Tuesday, December 6th. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $83.59.

In other news, EVP Kenneth Canestrari sold 6,701 shares of the business’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $79.56, for a total value of $533,131.56. Following the sale, the executive vice president now owns 64,871 shares of the company’s stock, valued at approximately $5,161,136.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by insiders.

TJX Companies, Inc. (The) Company Profile

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.

5 Day Chart for NYSE:TJX

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