The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,676 shares of the apparel and home fashions retailer’s stock after selling 1,771 shares during the quarter. Geneva Capital Management LLC’s holdings in TJX Companies were worth $2,981,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bogart Wealth LLC bought a new position in TJX Companies during the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the 4th quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies during the 3rd quarter worth approximately $29,000. Legacy Investment Solutions LLC bought a new position in TJX Companies during the 3rd quarter worth approximately $30,000. Finally, Truvestments Capital LLC bought a new position in TJX Companies during the 3rd quarter worth approximately $29,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 2.1 %

TJX opened at $120.47 on Friday. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The stock has a market cap of $135.43 billion, a P/E ratio of 28.35, a P/E/G ratio of 2.75 and a beta of 0.91. The stock’s 50 day moving average price is $122.87 and its 200 day moving average price is $120.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.21%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays increased their target price on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. Robert W. Baird raised their price target on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Morgan Stanley raised their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, TD Cowen raised their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $135.06.

Insider Activity

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

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.