Lynch & Associates IN Trims Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Lynch & Associates IN reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 37,967 shares of the apparel and home fashions retailer’s stock after selling 151 shares during the period. Lynch & Associates IN’s holdings in TJX Companies were worth $4,587,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies in the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC bought a new position in TJX Companies during the 3rd quarter worth $30,000. Truvestments Capital LLC bought a new stake in TJX Companies during the third quarter worth approximately $29,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies in the 3rd 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.

TJX Companies Trading Down 1.4 %

Shares of TJX stock traded down $1.65 on Friday, hitting $120.00. The stock had a trading volume of 4,353,022 shares, compared to its average volume of 4,506,735. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a fifty day moving average price of $121.91 and a two-hundred day moving average price of $117.05. The firm has a market cap of $134.90 billion, a P/E ratio of 28.24, a PEG ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating 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 quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal 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 paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TJX shares. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. UBS Group increased their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company upped their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft upped their price target 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. Finally, Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

About TJX Companies

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.