Hendershot Investments Inc. Sells 1,201 Shares of The TJX Companies, Inc. (NYSE:TJX)

Hendershot Investments Inc. lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 248,898 shares of the apparel and home fashions retailer’s stock after selling 1,201 shares during the quarter. TJX Companies accounts for approximately 4.1% of Hendershot Investments Inc.’s investment portfolio, making the stock its 5th biggest position. Hendershot Investments Inc.’s holdings in TJX Companies were worth $30,069,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies during the 4th quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new position in TJX Companies during the third quarter valued at approximately $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the 3rd quarter worth $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies in the 3rd quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies during the third quarter worth $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

TJX opened at $124.64 on Friday. The firm has a 50-day moving average price of $123.25 and a 200-day moving average price of $118.67. The company has a market capitalization of $140.11 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 2.82 and a beta of 0.91. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period in the previous year, the business earned $1.03 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analyst Weigh In

TJX has been the topic of several recent research reports. Evercore ISI lifted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Robert W. Baird lifted their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Jefferies Financial Group raised their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Guggenheim lifted their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

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.