Blue Trust Inc. Sells 10,035 Shares of The TJX Companies, Inc. (NYSE:TJX)

Blue Trust Inc. trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 41.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,334 shares of the apparel and home fashions retailer’s stock after selling 10,035 shares during the quarter. Blue Trust Inc.’s holdings in TJX Companies were worth $1,732,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TJX. Bogart Wealth LLC bought a new stake in TJX Companies during the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the fourth quarter worth $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the third quarter worth $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies in the third quarter valued at $30,000. Finally, Truvestments Capital LLC bought a new position in shares of TJX Companies in the third quarter valued at about $29,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. UBS Group raised their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Jefferies Financial Group upped 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 TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, Guggenheim upped their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $133.53.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $124.33 on Friday. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $139.77 billion, a PE ratio of 29.25, a PEG ratio of 2.82 and a beta of 0.91. The stock’s fifty day simple moving average is $123.17 and its 200 day simple moving average is $119.11.

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 for the quarter, beating 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 business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the previous year, the business posted $1.03 EPS. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. 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.