Novare Capital Management LLC Sells 4,493 Shares of The TJX Companies, Inc. (NYSE:TJX)

Novare Capital Management LLC lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,269 shares of the apparel and home fashions retailer’s stock after selling 4,493 shares during the quarter. Novare Capital Management LLC’s holdings in TJX Companies were worth $12,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Clarendon Private LLC bought a new position in shares of TJX Companies in the fourth quarter worth about $864,000. Vista Investment Partners LLC acquired a new stake in TJX Companies in the 4th quarter valued at approximately $3,882,000. Park Edge Advisors LLC increased its position in TJX Companies by 3.2% in the 4th quarter. Park Edge Advisors LLC now owns 12,008 shares of the apparel and home fashions retailer’s stock worth $1,451,000 after buying an additional 371 shares during the period. Jamison Private Wealth Management Inc. lifted its holdings in shares of TJX Companies by 2.9% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 19,998 shares of the apparel and home fashions retailer’s stock worth $2,416,000 after buying an additional 570 shares during the last quarter. Finally, Asio Capital LLC boosted its position in shares of TJX Companies by 3.7% in the fourth quarter. Asio Capital LLC now owns 2,778 shares of the apparel and home fashions retailer’s stock valued at $336,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX stock opened at $122.61 on Friday. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $122.84 and a 200 day simple moving average of $117.86. The company has a market cap of $137.83 billion, a P/E ratio of 28.85, a P/E/G ratio of 3.00 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 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 the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 earnings per share. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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 given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TJX shares. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Guggenheim upped their target price 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, Morgan Stanley increased their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

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.