The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Smart Money Group LLC

Smart Money Group LLC raised its position in The TJX Companies, Inc. (NYSE:TJX) by 9.0% during the fourth quarter, HoldingsChannel reports. The firm owned 6,084 shares of the apparel and home fashions retailer’s stock after buying an additional 504 shares during the quarter. Smart Money Group LLC’s holdings in TJX Companies were worth $735,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies in the fourth quarter valued at $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies during the 3rd quarter worth about $29,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies in the 3rd quarter valued at about $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies during the 3rd quarter worth about $30,000. Finally, Legacy Investment Solutions LLC purchased a new stake in TJX Companies during the third quarter worth approximately $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. TD Cowen increased their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. UBS Group raised their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies Stock Up 0.4 %

TJX stock opened at $121.89 on Monday. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a fifty day moving average of $122.56 and a 200-day moving average of $117.51. The stock has a market capitalization of $137.03 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91.

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

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

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.