BayBridge Capital Group LLC Acquires 188 Shares of The TJX Companies, Inc. (NYSE:TJX)

BayBridge Capital Group LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,077 shares of the apparel and home fashions retailer’s stock after purchasing an additional 188 shares during the quarter. TJX Companies makes up 1.1% of BayBridge Capital Group LLC’s holdings, making the stock its 22nd largest holding. BayBridge Capital Group LLC’s holdings in TJX Companies were worth $1,459,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Brookstone Capital Management lifted its holdings in shares of TJX Companies by 5.9% in the third quarter. Brookstone Capital Management now owns 13,113 shares of the apparel and home fashions retailer’s stock valued at $1,541,000 after purchasing an additional 733 shares in the last quarter. Wedmont Private Capital lifted its stake in TJX Companies by 8.1% in the 3rd quarter. Wedmont Private Capital now owns 14,233 shares of the apparel and home fashions retailer’s stock valued at $1,596,000 after acquiring an additional 1,063 shares in the last quarter. Quotient Wealth Partners LLC boosted its position in TJX Companies by 5.6% during the 3rd quarter. Quotient Wealth Partners LLC now owns 6,439 shares of the apparel and home fashions retailer’s stock worth $757,000 after acquiring an additional 340 shares during the last quarter. Tobam grew its stake in shares of TJX Companies by 11.3% during the 3rd quarter. Tobam now owns 4,182 shares of the apparel and home fashions retailer’s stock worth $492,000 after acquiring an additional 426 shares in the last quarter. Finally, Albion Financial Group UT raised its holdings in shares of TJX Companies by 17.6% in the third quarter. Albion Financial Group UT now owns 5,343 shares of the apparel and home fashions retailer’s stock valued at $628,000 after purchasing an additional 801 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

NYSE TJX opened at $124.64 on Friday. 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 fifty day simple moving average of $123.27 and a 200 day simple moving average of $118.59. The company has a market cap of $140.11 billion, a P/E ratio of 29.33, a PEG ratio of 2.82 and a beta of 0.91. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

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 analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion during 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 company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

Analysts Set New Price Targets

TJX has been the subject of several analyst reports. Robert W. Baird boosted their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Wells Fargo & Company boosted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Guggenheim raised their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. UBS Group upped their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Evercore ISI lifted their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $133.53.

TJX Companies Company 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.