Jackson Square Capital LLC Has $4.71 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Jackson Square Capital LLC lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 123.3% in the 4th quarter, Holdings Channel reports. The firm owned 39,006 shares of the apparel and home fashions retailer’s stock after buying an additional 21,539 shares during the quarter. TJX Companies accounts for 1.1% of Jackson Square Capital LLC’s portfolio, making the stock its 25th biggest holding. Jackson Square Capital LLC’s holdings in TJX Companies were worth $4,712,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TJX. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies during the 4th quarter worth about $26,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies in the 3rd quarter worth approximately $29,000. Truvestments Capital LLC bought a new stake in TJX Companies during the third quarter worth approximately $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies during the third quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of TJX Companies in the third quarter valued at approximately $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.4 %

TJX stock opened at $121.89 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 business’s 50 day moving average is $122.56 and its 200-day moving average is $117.46. The firm has a market cap of $137.03 billion, a P/E ratio of 28.68, a P/E/G 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 analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business’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 company posted $1.03 earnings per share. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TJX shares. Jefferies Financial Group raised their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. UBS Group increased their target price on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Evercore ISI lifted their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, 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 research report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $131.33.

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.