Goelzer Investment Management Inc. Sells 457 Shares of The TJX Companies, Inc. (NYSE:TJX)

Goelzer Investment Management Inc. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,418 shares of the apparel and home fashions retailer’s stock after selling 457 shares during the quarter. Goelzer Investment Management Inc.’s holdings in TJX Companies were worth $6,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of TJX. Exchange Traded Concepts LLC grew its holdings in shares of TJX Companies by 2.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 23,147 shares of the apparel and home fashions retailer’s stock valued at $2,796,000 after purchasing an additional 530 shares during the last quarter. CX Institutional grew its stake in shares of TJX Companies by 20.6% during the fourth quarter. CX Institutional now owns 57,471 shares of the apparel and home fashions retailer’s stock valued at $6,943,000 after buying an additional 9,824 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of TJX Companies by 2.6% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 287,416 shares of the apparel and home fashions retailer’s stock worth $34,803,000 after buying an additional 7,150 shares during the period. McGlone Suttner Wealth Management Inc. lifted its stake in shares of TJX Companies by 3.3% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,915 shares of the apparel and home fashions retailer’s stock valued at $352,000 after acquiring an additional 94 shares during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its holdings in TJX Companies by 1.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 6,063 shares of the apparel and home fashions retailer’s stock valued at $732,000 after acquiring an additional 110 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $122.61 on Friday. The firm’s 50-day simple moving average is $122.79 and its two-hundred day simple moving average is $117.79. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The stock has a market cap of $137.83 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $1.03 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company 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 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 (DPR) is 35.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TJX shares. UBS Group lifted their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Jefferies Financial Group upped their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Evercore ISI raised their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Finally, Guggenheim raised their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average target price of $131.67.

TJX Companies 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.