Accurate Wealth Management LLC Sells 4,020 Shares of The TJX Companies, Inc. (NYSE:TJX)

Accurate Wealth Management LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,554 shares of the apparel and home fashions retailer’s stock after selling 4,020 shares during the quarter. Accurate Wealth Management LLC’s holdings in TJX Companies were worth $3,068,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Henrickson Nauta Wealth Advisors Inc. bought a new stake in shares of TJX Companies during the 4th quarter valued at $202,000. Breakwater Capital Group increased its holdings in TJX Companies by 1.2% in the 4th quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer’s stock valued at $930,000 after buying an additional 91 shares during the period. Global Financial Private Client LLC raised its position in shares of TJX Companies by 3.6% in the 4th quarter. Global Financial Private Client LLC now owns 3,122 shares of the apparel and home fashions retailer’s stock valued at $377,000 after buying an additional 109 shares in the last quarter. Signal Advisors Wealth LLC increased its stake in TJX Companies by 17.1% in the fourth quarter. Signal Advisors Wealth LLC now owns 4,911 shares of the apparel and home fashions retailer’s stock valued at $593,000 after acquiring an additional 716 shares during the last quarter. Finally, Ayrshire Capital Management LLC raised its position in TJX Companies by 1.7% during the fourth quarter. Ayrshire Capital Management LLC now owns 61,950 shares of the apparel and home fashions retailer’s stock valued at $7,484,000 after purchasing an additional 1,059 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TJX. Deutsche Bank Aktiengesellschaft boosted their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group lifted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Evercore ISI increased their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.33.

TJX Companies Trading Down 0.5 %

NYSE:TJX opened at $119.29 on Wednesday. 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 firm’s fifty day moving average is $122.32 and its 200-day moving average is $117.34. The firm has a market cap of $134.10 billion, a P/E ratio of 28.07, a P/E/G ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the business earned $1.03 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio 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.