Crewe Advisors LLC Purchases Shares of 16,497 The TJX Companies, Inc. (NYSE:TJX)

Crewe Advisors LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 16,497 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,993,000.

Several other hedge funds have also recently made changes to their positions in TJX. Choreo LLC boosted its position in shares of TJX Companies by 26.0% during the fourth quarter. Choreo LLC now owns 48,010 shares of the apparel and home fashions retailer’s stock valued at $5,813,000 after purchasing an additional 9,893 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of TJX Companies by 28.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 162,366 shares of the apparel and home fashions retailer’s stock worth $19,910,000 after buying an additional 35,690 shares during the period. Osprey Private Wealth LLC lifted its position in TJX Companies by 0.4% during the 4th quarter. Osprey Private Wealth LLC now owns 26,905 shares of the apparel and home fashions retailer’s stock valued at $3,250,000 after acquiring an additional 100 shares during the period. Aua Capital Management LLC bought a new stake in TJX Companies during the fourth quarter worth about $203,000. Finally, Stratos Investment Management LLC grew its holdings in TJX Companies by 9.0% in the fourth quarter. Stratos Investment Management LLC now owns 2,942 shares of the apparel and home fashions retailer’s stock worth $356,000 after purchasing an additional 244 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.3 %

TJX opened at $125.53 on Thursday. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The firm’s 50 day simple moving average is $123.29 and its two-hundred day simple moving average is $118.49. 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 company has a market capitalization of $141.11 billion, a PE ratio of 29.54, a PEG ratio of 3.05 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $13.95 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Analyst Ratings Changes

A number of analysts have recently commented on TJX shares. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. UBS Group lifted their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Evercore ISI increased their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Guggenheim lifted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

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.