The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Cacti Asset Management LLC

Cacti Asset Management LLC decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 50.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,000 shares of the apparel and home fashions retailer’s stock after selling 1,000 shares during the period. Cacti Asset Management LLC’s holdings in TJX Companies were worth $121,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in TJX Companies in the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies in the 3rd quarter valued at $30,000. Truvestments Capital LLC purchased a new position 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 during the third quarter worth $30,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of TJX Companies in the third quarter valued at $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TJX shares. Jefferies Financial Group lifted their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.89.

TJX Companies Price Performance

TJX Companies stock traded up $0.93 during mid-day trading on Thursday, hitting $121.74. The company’s stock had a trading volume of 878,263 shares, compared to its average volume of 5,250,537. The stock has a market capitalization of $136.85 billion, a P/E ratio of 28.64, a P/E/G ratio of 3.07 and a beta of 0.90. 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 stock’s fifty day moving average price is $121.03 and its two-hundred day moving average price is $116.65. The TJX Companies, Inc. has a twelve month low of $91.31 and a twelve month 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 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. The company 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 for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the company posted $1.03 earnings per share. Research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

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.