Greenwood Capital Associates LLC Acquires 19,590 Shares of The TJX Companies, Inc. (NYSE:TJX)

Greenwood Capital Associates LLC lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 61.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,501 shares of the apparel and home fashions retailer’s stock after acquiring an additional 19,590 shares during the period. Greenwood Capital Associates LLC’s holdings in TJX Companies were worth $6,222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies in the 4th quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the third quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies in the third quarter valued at approximately $29,000. Copeland Capital Management LLC bought a new position in TJX Companies in the third quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new position in TJX Companies in the third quarter worth approximately $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on TJX. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Robert W. Baird boosted their target price on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Wells Fargo & Company raised their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $131.67.

TJX Companies Stock Up 0.6 %

NYSE:TJX opened at $125.04 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company’s fifty day moving average price is $123.32 and its 200-day moving average price is $118.31. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The firm has a market capitalization of $140.56 billion, a P/E ratio of 29.42, a PEG ratio of 3.05 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced 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. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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 issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. TJX Companies’s payout ratio is 35.29%.

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.