The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 43.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,102 shares of the apparel and home fashions retailer’s stock after buying an additional 6,344 shares during the quarter. Miracle Mile Advisors LLC’s holdings in TJX Companies were worth $2,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TJX. Bar Harbor Wealth Management increased its position in shares of TJX Companies by 1.2% during the fourth quarter. Bar Harbor Wealth Management now owns 101,605 shares of the apparel and home fashions retailer’s stock worth $12,275,000 after acquiring an additional 1,172 shares during the period. Claro Advisors LLC grew its stake in TJX Companies by 18.3% during the 4th quarter. Claro Advisors LLC now owns 23,066 shares of the apparel and home fashions retailer’s stock worth $2,787,000 after purchasing an additional 3,570 shares in the last quarter. Clean Yield Group increased its holdings in TJX Companies by 273.2% during the 4th quarter. Clean Yield Group now owns 1,101 shares of the apparel and home fashions retailer’s stock worth $133,000 after purchasing an additional 806 shares during the period. Cooper Financial Group raised its position in TJX Companies by 28.9% in the 4th quarter. Cooper Financial Group now owns 2,448 shares of the apparel and home fashions retailer’s stock valued at $296,000 after purchasing an additional 549 shares in the last quarter. Finally, Wedmont Private Capital boosted its stake in shares of TJX Companies by 7.4% in the 4th quarter. Wedmont Private Capital now owns 15,285 shares of the apparel and home fashions retailer’s stock valued at $1,835,000 after buying an additional 1,052 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 0.1 %

TJX Companies stock opened at $119.96 on Tuesday. The stock has a market capitalization of $134.85 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 3.07 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $122.21 and a two-hundred day moving average of $117.27. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

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 $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. TJX Companies’s payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. Evercore ISI raised their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company upped their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Jefferies Financial Group raised their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.33.

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.