Evanson Asset Management LLC Lowers Position in The TJX Companies, Inc. (NYSE:TJX)

Evanson Asset Management LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 23.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,684 shares of the apparel and home fashions retailer’s stock after selling 509 shares during the period. Evanson Asset Management LLC’s holdings in TJX Companies were worth $203,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Seven Eight Capital LP bought a new position in TJX Companies during the second quarter valued at approximately $306,000. Pacer Advisors Inc. boosted its position in shares of TJX Companies by 2.5% during the 2nd quarter. Pacer Advisors Inc. now owns 133,124 shares of the apparel and home fashions retailer’s stock valued at $14,657,000 after acquiring an additional 3,209 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of TJX Companies by 5.3% in the second quarter. ProShare Advisors LLC now owns 174,781 shares of the apparel and home fashions retailer’s stock valued at $19,243,000 after purchasing an additional 8,866 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in TJX Companies by 17,911.1% in the second quarter. Frank Rimerman Advisors LLC now owns 9,726 shares of the apparel and home fashions retailer’s stock worth $1,071,000 after purchasing an additional 9,672 shares during the last quarter. Finally, Fairscale Capital LLC purchased a new stake in TJX Companies during the second quarter valued at $103,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.4 %

NYSE:TJX opened at $121.89 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm has a 50-day simple moving average of $122.56 and a 200-day simple moving average of $117.56. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The firm has a market cap of $137.03 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91.

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

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given 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 payout ratio is 35.29%.

Analyst Ratings Changes

TJX has been the subject of a number of analyst reports. Evercore ISI increased their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Robert W. Baird increased their price target on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” 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 note on Saturday, November 30th. Jefferies Financial Group increased their target price 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, UBS Group upped their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $131.33.

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.