Stratos Investment Management LLC Acquires 244 Shares of The TJX Companies, Inc. (NYSE:TJX)

Stratos Investment Management LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,942 shares of the apparel and home fashions retailer’s stock after acquiring an additional 244 shares during the quarter. Stratos Investment Management LLC’s holdings in TJX Companies were worth $356,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies in the third quarter valued at about $29,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies during the third quarter worth about $30,000. Truvestments Capital LLC bought a new stake in TJX Companies during the third quarter worth about $29,000. Finally, Copeland Capital Management LLC bought a new stake in TJX Companies during the third quarter worth about $30,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $125.53 on Thursday. The company has a fifty day moving average of $123.29 and a 200-day moving average of $118.49. The firm has a market capitalization of $141.11 billion, a P/E ratio of 29.54, a P/E/G ratio of 3.05 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

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 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 analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 EPS. As a group, sell-side analysts anticipate 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. Investors of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.19%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is currently 35.29%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TJX. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. Guggenheim increased 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. Morgan Stanley increased their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price 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.