Obermeyer Wood Investment Counsel Lllp Has $1.30 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Obermeyer Wood Investment Counsel Lllp raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,810 shares of the apparel and home fashions retailer’s stock after purchasing an additional 426 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in TJX Companies were worth $1,300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TJX. Norges Bank acquired a new position in shares of TJX Companies in the fourth quarter valued at about $1,193,438,000. Price T Rowe Associates Inc. MD increased its stake in shares of TJX Companies by 35.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after purchasing an additional 3,255,849 shares during the last quarter. PineStone Asset Management Inc. grew its position in TJX Companies by 134.2% in the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after acquiring an additional 3,132,960 shares during the last quarter. Vanguard Group Inc. increased its position in TJX Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after purchasing an additional 1,269,792 shares in the last quarter. Finally, Canoe Financial LP increased its holdings in shares of TJX Companies by 22,145.7% during the fourth quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock worth $104,344,000 after buying an additional 1,107,287 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.1 %

NYSE TJX traded down $0.10 on Friday, hitting $117.27. 6,369,587 shares of the company were exchanged, compared to its average volume of 5,793,723. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The company has a market cap of $132.53 billion, a PE ratio of 29.10, a PEG ratio of 2.96 and a beta of 0.88. The stock has a fifty day moving average of $112.92 and a 200-day moving average of $104.19. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same period last year, the business posted $0.85 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s payout ratio is currently 37.22%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TJX. Barclays boosted their price objective on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Sanford C. Bernstein upped their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a report on Tuesday, May 21st. TD Cowen raised their price target on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Loop Capital boosted their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

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.