The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,374 shares of the apparel and home fashions retailer’s stock after selling 735 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in TJX Companies were worth $4,998,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TJX. Bogart Wealth LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the 3rd quarter valued at about $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at about $29,000. Finally, Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Down 1.2 %

TJX Companies stock opened at $124.33 on Monday. The firm has a 50 day simple moving average of $123.17 and a 200-day simple moving average of $119.15. 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 stock has a market capitalization of $139.77 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $1.03 earnings per share. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. 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 currently 35.29%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TJX. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Jefferies Financial Group boosted their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley boosted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. 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 report on Friday, November 22nd. Finally, Guggenheim boosted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.53.

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.