Townsend & Associates Inc Has $18.38 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Townsend & Associates Inc increased its position in The TJX Companies, Inc. (NYSE:TJX) by 1.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 149,095 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,090 shares during the period. TJX Companies comprises 1.9% of Townsend & Associates Inc’s investment portfolio, making the stock its 20th biggest position. Townsend & Associates Inc’s holdings in TJX Companies were worth $18,383,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. TCW Group Inc. increased its holdings in TJX Companies by 2.2% in the fourth quarter. TCW Group Inc. now owns 15,818 shares of the apparel and home fashions retailer’s stock worth $1,911,000 after buying an additional 335 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in TJX Companies by 0.8% in the fourth quarter. First Horizon Advisors Inc. now owns 215,693 shares of the apparel and home fashions retailer’s stock worth $26,058,000 after buying an additional 1,677 shares during the last quarter. Pinnacle Financial Partners Inc increased its holdings in TJX Companies by 17.0% in the fourth quarter. Pinnacle Financial Partners Inc now owns 379,023 shares of the apparel and home fashions retailer’s stock worth $45,172,000 after buying an additional 54,999 shares during the last quarter. Capital City Trust Co. FL increased its holdings in TJX Companies by 8.8% in the fourth quarter. Capital City Trust Co. FL now owns 17,147 shares of the apparel and home fashions retailer’s stock worth $2,072,000 after buying an additional 1,381 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new position in TJX Companies in the fourth quarter worth approximately $604,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TJX. Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft increased their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group increased their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company increased their price target 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, TD Cowen increased their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $134.18.

TJX Companies Stock Down 1.5 %

TJX opened at $121.08 on Friday. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. 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 market capitalization of $136.11 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 2.75 and a beta of 0.91. The business has a 50 day moving average of $122.86 and a 200-day moving average of $119.55.

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 the consensus estimate of $1.09 by $0.05. The company 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 for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 earnings per share. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 1.24%. TJX Companies’s dividend payout ratio (DPR) is currently 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.