Premier Path Wealth Partners LLC Raises Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Premier Path Wealth Partners LLC lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,431 shares of the apparel and home fashions retailer’s stock after purchasing an additional 159 shares during the period. Premier Path Wealth Partners LLC’s holdings in TJX Companies were worth $1,623,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. First Trust Direct Indexing L.P. raised its position in TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after purchasing an additional 5,207 shares in the last quarter. Courier Capital LLC increased its stake in shares of TJX Companies by 55.1% during the fourth quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock worth $4,166,000 after buying an additional 12,247 shares during the period. Board of the Pension Protection Fund purchased a new stake in shares of TJX Companies during the fourth quarter worth approximately $713,000. Unigestion Holding SA acquired a new stake in TJX Companies in the third quarter valued at approximately $22,684,000. Finally, Miracle Mile Advisors LLC lifted its stake in TJX Companies by 43.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock worth $2,549,000 after acquiring an additional 6,344 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on TJX. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Jefferies Financial Group increased their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Evercore ISI lifted their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Finally, UBS Group boosted their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $131.33.

TJX Companies Trading Up 0.4 %

NYSE TJX opened at $121.89 on Friday. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The firm has a market cap of $137.03 billion, a PE ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91. The firm’s fifty day moving average is $122.48 and its two-hundred day moving average is $117.38. 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 issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. 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. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.23%. TJX Companies’s dividend payout ratio is currently 35.29%.

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.