Robbins Farley Sells 1,282 Shares of The TJX Companies, Inc. (NYSE:TJX)

Robbins Farley reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 47,849 shares of the apparel and home fashions retailer’s stock after selling 1,282 shares during the quarter. TJX Companies makes up about 2.8% of Robbins Farley’s portfolio, making the stock its 6th largest holding. Robbins Farley’s holdings in TJX Companies were worth $5,781,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TJX. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies in the 4th quarter worth about $26,000. Capital Performance Advisors LLP bought a new stake in TJX Companies in the third quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies in the third quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new position in TJX Companies in the third quarter valued at approximately $29,000. Finally, Copeland Capital Management LLC bought a new position in shares of TJX Companies during the 3rd quarter worth approximately $30,000. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TJX. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Morgan Stanley boosted 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. TD Cowen increased their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Wells Fargo & Company boosted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. 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 MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Stock Down 0.4 %

Shares of TJX Companies stock opened at $124.31 on Tuesday. The company’s 50 day moving average price is $123.32 and its 200-day moving average price is $118.31. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. 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 stock has a market capitalization of $139.74 billion, a price-to-earnings ratio of 29.25, a P/E/G ratio of 3.05 and a beta of 0.91.

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

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.21%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

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.