CCM Investment Advisers LLC Sells 490 Shares of The TJX Companies, Inc. (NYSE:TJX)

CCM Investment Advisers LLC decreased its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 38,710 shares of the apparel and home fashions retailer’s stock after selling 490 shares during the quarter. CCM Investment Advisers LLC’s holdings in TJX Companies were worth $4,677,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of TJX Companies during the 3rd quarter valued at about $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the third quarter worth approximately $29,000. Copeland Capital Management LLC bought a new position in TJX Companies during the third quarter valued at approximately $30,000. Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies during the third quarter worth approximately $30,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of TJX Companies in the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TJX. Deutsche Bank Aktiengesellschaft increased their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. 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. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Guggenheim raised their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.17.

TJX Companies Stock Down 0.6 %

Shares of TJX stock traded down $0.74 during mid-day trading on Friday, reaching $120.91. 1,119,079 shares of the company’s stock traded hands, compared to its average volume of 4,011,337. The company’s 50-day moving average price is $121.91 and its 200-day moving average price is $117.05. The company has a market cap of $135.92 billion, a P/E ratio of 28.45, a P/E/G ratio of 3.07 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 TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping 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 business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the prior year, the company earned $1.03 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend 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.