The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 10.2% in the 4th quarter, Holdings Channel reports. The firm owned 11,924 shares of the apparel and home fashions retailer’s stock after selling 1,350 shares during the period. Silver Oak Securities Incorporated’s holdings in TJX Companies were worth $1,444,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Adero Partners LLC lifted its stake in TJX Companies by 7.1% in the fourth quarter. Adero Partners LLC now owns 3,435 shares of the apparel and home fashions retailer’s stock valued at $415,000 after buying an additional 229 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in shares of TJX Companies by 1.3% in the 4th quarter. Bleakley Financial Group LLC now owns 21,028 shares of the apparel and home fashions retailer’s stock valued at $2,540,000 after acquiring an additional 262 shares during the period. Robertson Stephens Wealth Management LLC raised its position in TJX Companies by 1.6% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 13,219 shares of the apparel and home fashions retailer’s stock valued at $1,597,000 after purchasing an additional 206 shares during the last quarter. Crewe Advisors LLC acquired a new stake in TJX Companies during the 4th quarter worth $1,993,000. Finally, Choreo LLC grew its position in TJX Companies by 26.0% during the 4th quarter. Choreo LLC now owns 48,010 shares of the apparel and home fashions retailer’s stock worth $5,813,000 after purchasing an additional 9,893 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Robert W. Baird upped their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lifted their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company increased their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Finally, TD Cowen boosted their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.53.

TJX Companies Stock Up 0.5 %

TJX stock opened at $126.20 on Friday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week 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 cap of $141.87 billion, a P/E ratio of 29.69, a P/E/G ratio of 3.05 and a beta of 0.91. The company’s 50-day moving average price is $123.27 and its 200 day moving average price is $118.53.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping 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 analyst estimates of $13.95 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared 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. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

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.