The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 25.5% in the 4th quarter, HoldingsChannel reports. The fund owned 107,214 shares of the apparel and home fashions retailer’s stock after selling 36,670 shares during the quarter. Pacer Advisors Inc.’s holdings in TJX Companies were worth $12,953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cornerstone Wealth Group LLC raised its holdings in TJX Companies by 3.7% in the 4th quarter. Cornerstone Wealth Group LLC now owns 5,309 shares of the apparel and home fashions retailer’s stock valued at $641,000 after buying an additional 188 shares during the period. KBC Group NV raised its stake in shares of TJX Companies by 182.7% in the 4th quarter. KBC Group NV now owns 595,513 shares of the apparel and home fashions retailer’s stock valued at $71,944,000 after acquiring an additional 384,869 shares during the period. Blue Trust Inc. lifted its holdings in shares of TJX Companies by 43.1% in the 4th quarter. Blue Trust Inc. now owns 34,871 shares of the apparel and home fashions retailer’s stock worth $4,099,000 after acquiring an additional 10,502 shares during the last quarter. Drive Wealth Management LLC boosted its position in shares of TJX Companies by 3.7% during the 4th quarter. Drive Wealth Management LLC now owns 3,713 shares of the apparel and home fashions retailer’s stock worth $449,000 after purchasing an additional 133 shares during the period. Finally, Peak Financial Management Inc. increased its holdings in TJX Companies by 27.5% in the 4th quarter. Peak Financial Management Inc. now owns 3,366 shares of the apparel and home fashions retailer’s stock valued at $407,000 after purchasing an additional 725 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. 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 research report on Thursday, December 5th. Morgan Stanley increased their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. Finally, TD Cowen increased their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Three research 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, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Stock Performance

Shares of TJX opened at $124.38 on Wednesday. The company has a market capitalization of $139.82 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. 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 has a 50 day moving average price of $122.94 and a 200 day moving average price of $118.01.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating 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 firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period last year, the firm posted $1.03 EPS. The company’s revenue was up 6.0% on a year-over-year basis. Research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is currently 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.