Pittenger & Anderson Inc. Decreases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Pittenger & Anderson Inc. decreased its position in The TJX Companies, Inc. (NYSE:TJXGet Rating) by 57.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 89,954 shares of the apparel and home fashions retailer’s stock after selling 120,753 shares during the quarter. Pittenger & Anderson Inc.’s holdings in TJX Companies were worth $6,829,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc purchased a new position in shares of TJX Companies during the third quarter valued at about $25,000. Winch Advisory Services LLC increased its position in shares of TJX Companies by 413.3% during the fourth quarter. Winch Advisory Services LLC now owns 385 shares of the apparel and home fashions retailer’s stock valued at $29,000 after buying an additional 310 shares during the period. Sandy Cove Advisors LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at about $30,000. Future Financial Wealth Managment LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at about $30,000. Finally, First National Bank of South Miami increased its position in shares of TJX Companies by 904.8% during the fourth quarter. First National Bank of South Miami now owns 422 shares of the apparel and home fashions retailer’s stock valued at $32,000 after buying an additional 380 shares during the period. Hedge funds and other institutional investors own 91.45% of the company’s stock.

TJX stock traded up $0.76 during midday trading on Thursday, reaching $55.75. 683,658 shares of the company’s stock traded hands, compared to its average volume of 7,187,085. The TJX Companies, Inc. has a 52-week low of $54.86 and a 52-week high of $77.35. The stock has a market cap of $65.47 billion, a P/E ratio of 20.83, a PEG ratio of 1.83 and a beta of 0.88. The company has a current ratio of 1.27, a quick ratio of 0.70 and a debt-to-equity ratio of 0.56. The stock’s 50-day moving average is $61.74 and its 200 day moving average is $67.38.

TJX Companies (NYSE:TJXGet Rating) last announced its earnings results on Wednesday, February 23rd. The apparel and home fashions retailer reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). The business had revenue of $13.85 billion for the quarter, compared to analysts’ expectations of $14.19 billion. TJX Companies had a net margin of 6.76% and a return on equity of 55.47%. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. As a group, research analysts expect that The TJX Companies, Inc. will post 3.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Thursday, May 12th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, May 11th. This is a boost from TJX Companies’s previous quarterly dividend of $0.26. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.12%. TJX Companies’s dividend payout ratio is 38.52%.

Several equities research analysts recently commented on the stock. Wells Fargo & Company lowered shares of TJX Companies from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $75.00 to $60.00 in a research note on Tuesday, April 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of TJX Companies from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, February 24th. Credit Suisse Group dropped their target price on shares of TJX Companies from $86.00 to $73.00 and set an “outperform” rating on the stock in a research note on Thursday, February 24th. Robert W. Baird dropped their target price on shares of TJX Companies from $88.00 to $78.00 in a research note on Thursday, February 24th. Finally, Bank of America dropped their target price on shares of TJX Companies from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, February 24th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $78.30.

About TJX Companies (Get Rating)

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; jewelry and accessories; and other merchandise.

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

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