Symphony Financial Ltd. Co. Sells 952 Shares of The TJX Companies, Inc. (NYSE:TJX)


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Symphony Financial Ltd. Co. lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 19.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,957 shares of the apparel and home fashions retailer’s stock after selling 952 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in The TJX Companies were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Acropolis Investment Management LLC raised its holdings in shares of The TJX Companies by 0.6% during the 4th quarter. Acropolis Investment Management LLC now owns 28,596 shares of the apparel and home fashions retailer’s stock valued at $1,953,000 after buying an additional 181 shares in the last quarter. Brookstone Capital Management grew its position in The TJX Companies by 6.0% during the 4th quarter. Brookstone Capital Management now owns 6,894 shares of the apparel and home fashions retailer’s stock worth $471,000 after acquiring an additional 388 shares during the last quarter. CX Institutional grew its position in The TJX Companies by 22.3% during the 4th quarter. CX Institutional now owns 2,408 shares of the apparel and home fashions retailer’s stock worth $165,000 after acquiring an additional 439 shares during the last quarter. BTR Capital Management Inc. bought a new position in The TJX Companies during the 4th quarter worth approximately $236,000. Finally, Verde Servicos Internacionais S.A. bought a new position in The TJX Companies during the 4th quarter worth approximately $29,209,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

TJX has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on The TJX Companies from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, January 4th. Morgan Stanley raised their price target on The TJX Companies from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, November 19th. MKM Partners raised their price target on The TJX Companies from $64.00 to $71.00 in a research report on Thursday, November 19th. Deutsche Bank Aktiengesellschaft raised their price target on The TJX Companies from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 19th. Finally, Smith Barney Citigroup lowered The TJX Companies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $73.00 to $69.00 in a research report on Friday, December 11th. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The TJX Companies currently has an average rating of “Buy” and a consensus price target of $68.04.

Shares of NYSE:TJX opened at $68.13 on Thursday. The stock has a fifty day simple moving average of $66.79 and a two-hundred day simple moving average of $57.84. The stock has a market capitalization of $81.80 billion, a price-to-earnings ratio of 119.53, a PEG ratio of 29.72 and a beta of 0.73. The TJX Companies, Inc. has a 12-month low of $32.72 and a 12-month high of $70.96. The company has a current ratio of 1.51, a quick ratio of 1.02 and a debt-to-equity ratio of 1.17.

The TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, November 17th. The apparel and home fashions retailer reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.31. The TJX Companies had a return on equity of 13.62% and a net margin of 2.11%. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $9.35 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. As a group, equities research analysts predict that The TJX Companies, Inc. will post 0.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 4th. Stockholders of record on Thursday, February 11th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, February 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.53%. This is a boost from The TJX Companies’s previous quarterly dividend of $0.23.

In other news, Director Michael F. Hines sold 20,000 shares of the business’s stock in a transaction on Thursday, November 19th. The stock was sold at an average price of $61.79, for a total value of $1,235,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Carol Meyrowitz sold 77,892 shares of the business’s stock in a transaction on Friday, November 20th. The stock was sold at an average price of $61.22, for a total value of $4,768,548.24. Following the completion of the transaction, the chairman now owns 269,755 shares of the company’s stock, valued at approximately $16,514,401.10. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

The TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; fine jewelry and accessories; and other merchandise.

See Also: Back-End Load

Institutional Ownership by Quarter for The TJX Companies (NYSE:TJX)

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