The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 2.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,352 shares of the apparel and home fashions retailer’s stock after selling 415 shares during the period. Sumitomo Life Insurance Co.’s holdings in TJX Companies were worth $1,975,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Deane Retirement Strategies Inc. raised its position in shares of TJX Companies by 1.4% in the 4th quarter. Deane Retirement Strategies Inc. now owns 30,993 shares of the apparel and home fashions retailer’s stock valued at $3,744,000 after purchasing an additional 434 shares during the last quarter. Moody Aldrich Partners LLC purchased a new position in shares of TJX Companies in the fourth quarter worth $203,000. BSW Wealth Partners lifted its stake in shares of TJX Companies by 4.4% during the fourth quarter. BSW Wealth Partners now owns 6,926 shares of the apparel and home fashions retailer’s stock worth $837,000 after buying an additional 290 shares during the period. Perigon Wealth Management LLC grew its holdings in shares of TJX Companies by 11.8% during the fourth quarter. Perigon Wealth Management LLC now owns 15,530 shares of the apparel and home fashions retailer’s stock valued at $1,885,000 after buying an additional 1,633 shares during the last quarter. Finally, Revolve Wealth Partners LLC increased its position in shares of TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after acquiring an additional 235 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.4 %

Shares of TJX opened at $124.38 on Wednesday. The firm has a market cap of $139.82 billion, a P/E ratio of 29.27, a PEG ratio of 3.00 and a beta of 0.91. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The stock’s 50 day moving average is $122.94 and its two-hundred day moving average is $118.01. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion for 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 firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. Analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

Analyst Ratings Changes

Several research firms have weighed in on TJX. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Morgan Stanley upped their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Evercore ISI upped their price objective 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. Finally, Robert W. Baird raised their target price on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.67.

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.