Cambiar Investors LLC Decreases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Cambiar Investors LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 323,414 shares of the apparel and home fashions retailer’s stock after selling 8,803 shares during the quarter. TJX Companies accounts for approximately 1.5% of Cambiar Investors LLC’s investment portfolio, making the stock its 28th largest holding. Cambiar Investors LLC’s holdings in TJX Companies were worth $39,072,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new stake in TJX Companies in the third quarter worth $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies during the third quarter valued at $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies in the 3rd quarter worth $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies in the 3rd quarter worth about $30,000. 91.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group boosted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Robert W. Baird increased their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Jefferies Financial Group boosted their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Price Performance

Shares of TJX stock opened at $124.92 on Tuesday. 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 company has a market capitalization of $140.43 billion, a P/E ratio of 29.39, a P/E/G ratio of 2.82 and a beta of 0.91. The company’s 50-day simple moving average is $123.25 and its two-hundred day simple moving average is $118.76. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping 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 firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts anticipate 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 $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 1.20%. TJX Companies’s 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.