Sageworth Trust Co Decreases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Sageworth Trust Co cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 13.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,439 shares of the apparel and home fashions retailer’s stock after selling 1,325 shares during the quarter. Sageworth Trust Co’s holdings in TJX Companies were worth $1,020,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies during the third quarter worth $29,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the third quarter valued at $30,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at $29,000. Finally, Copeland Capital Management LLC purchased a new position in shares of TJX Companies during the 3rd quarter worth $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Down 1.2 %

TJX opened at $124.64 on Friday. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The firm has a 50 day moving average price of $123.27 and a 200 day moving average price of $118.59. 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 company has a market cap of $140.11 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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 business earned $1.03 earnings per share. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. 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 analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Deutsche Bank Aktiengesellschaft increased their price objective 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. Robert W. Baird boosted their target price on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, TD Cowen raised their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.53.

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.