Triasima Portfolio Management inc. Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Triasima Portfolio Management inc. lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 10.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 47,141 shares of the apparel and home fashions retailer’s stock after buying an additional 4,394 shares during the quarter. TJX Companies makes up 1.1% of Triasima Portfolio Management inc.’s holdings, making the stock its 25th largest holding. Triasima Portfolio Management inc.’s holdings in TJX Companies were worth $5,695,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies in the 4th quarter worth about $26,000. Capital Performance Advisors LLP purchased a new position in TJX Companies in the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies in the 3rd quarter worth about $30,000. Truvestments Capital LLC purchased a new position in TJX Companies in the 3rd quarter worth about $29,000. Finally, Copeland Capital Management LLC purchased a new position in TJX Companies in the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.5 %

Shares of NYSE:TJX opened at $126.20 on Friday. The stock has a 50 day moving average of $123.27 and a 200 day moving average of $118.59. The company has a market cap of $141.87 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 3.05 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 TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

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

TJX Companies Dividend Announcement

The firm also recently declared 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 1.19%. TJX Companies’s payout ratio is 35.29%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TJX. Jefferies Financial Group boosted 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. Deutsche Bank Aktiengesellschaft boosted their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Guggenheim boosted their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company boosted their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.53.

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.