The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Curbstone Financial Management Corp

Curbstone Financial Management Corp reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,734 shares of the apparel and home fashions retailer’s stock after selling 450 shares during the quarter. TJX Companies accounts for approximately 1.0% of Curbstone Financial Management Corp’s portfolio, making the stock its 23rd largest holding. Curbstone Financial Management Corp’s holdings in TJX Companies were worth $4,559,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Hartford Funds Management Co LLC raised its position in shares of TJX Companies by 0.5% in the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after purchasing an additional 86 shares in the last quarter. Stablepoint Partners LLC increased its stake in shares of 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 worth $3,164,000 after buying an additional 89 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its holdings 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 acquiring an additional 90 shares in the last quarter. Hamilton Capital LLC boosted its stake 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 valued at $273,000 after acquiring an additional 90 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings in TJX Companies by 3.8% during the 3rd quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer’s stock worth $295,000 after acquiring an additional 91 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TJX shares. Guggenheim upped their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley increased their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft lifted their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. Finally, UBS Group raised their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $131.67.

TJX Companies Stock Performance

Shares of TJX opened at $124.89 on Tuesday. The firm has a market capitalization of $140.39 billion, a PE ratio of 29.38, a P/E/G ratio of 3.00 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $122.84 and a 200 day moving average price of $117.94. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period last year, the firm posted $1.03 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts anticipate 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 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 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.