Tufton Capital Management Sells 981 Shares of The TJX Companies, Inc. (NYSE:TJX)

Tufton Capital Management reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 134,113 shares of the apparel and home fashions retailer’s stock after selling 981 shares during the period. TJX Companies comprises 3.1% of Tufton Capital Management’s holdings, making the stock its 5th largest position. Tufton Capital Management’s holdings in TJX Companies were worth $16,202,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TJX. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in TJX Companies by 1.7% during the 4th 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 acquiring an additional 84 shares during the last quarter. Nwam LLC increased its position in TJX Companies by 2.0% during the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock worth $524,000 after purchasing an additional 84 shares during the period. Hartford Funds Management Co LLC increased its position in TJX Companies by 0.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock worth $2,107,000 after purchasing an additional 86 shares during the period. Signature Estate & Investment Advisors LLC increased its position in 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 worth $318,000 after purchasing an additional 90 shares during the period. Finally, Hamilton Capital LLC increased its position in 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 period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Down 1.1 %

NYSE:TJX opened at $123.49 on Friday. The business’s 50-day moving average is $122.92 and its two-hundred day moving average is $119.86. 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 12 month low of $92.35 and a 12 month high of $128.00. The firm has a market capitalization of $138.82 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Research 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 announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.21%. TJX Companies’s dividend payout ratio is presently 35.29%.

Wall Street Analyst Weigh In

TJX has been the topic of a number of research reports. UBS Group upped their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group increased their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. TD Cowen increased their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Evercore ISI increased their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $135.06.

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.