Bruce G. Allen Investments LLC Trims Holdings in The TJX Companies, Inc. (NYSE:TJX)

Bruce G. Allen Investments LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,277 shares of the apparel and home fashions retailer’s stock after selling 215 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in TJX Companies were worth $154,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Hartford Funds Management Co LLC increased its holdings 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. Stablepoint Partners LLC raised its stake in TJX Companies by 0.3% in the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock valued at $3,164,000 after buying an additional 89 shares in the last quarter. Concorde Asset Management LLC boosted its holdings in TJX Companies by 2.8% in the second quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock valued at $367,000 after purchasing an additional 90 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its stake in TJX Companies by 3.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock valued at $318,000 after purchasing an additional 90 shares during the last quarter. Finally, Hamilton Capital LLC grew its holdings in shares of TJX Companies by 3.9% during the third 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 last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Jefferies Financial Group increased their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Robert W. Baird upped their price objective on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. UBS Group boosted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday. Finally, TD Cowen upped their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $131.33.

TJX Companies Price Performance

TJX stock traded down $1.74 during trading on Friday, hitting $119.91. The stock had a trading volume of 2,744,268 shares, compared to its average volume of 4,213,935. The stock has a market cap of $134.80 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company’s 50 day moving average price is $121.91 and its two-hundred day moving average price is $117.05. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

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.