Core Alternative Capital Has $6.79 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Core Alternative Capital raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 56,173 shares of the apparel and home fashions retailer’s stock after buying an additional 1,214 shares during the period. TJX Companies makes up approximately 1.4% of Core Alternative Capital’s portfolio, making the stock its 29th largest position. Core Alternative Capital’s holdings in TJX Companies were worth $6,786,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies during the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies in the 3rd quarter valued at approximately $29,000. Truvestments Capital LLC bought a new position in shares of TJX Companies in the third quarter valued at $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies during the third quarter worth $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in TJX Companies during the third quarter worth $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TJX shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Guggenheim upped their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. UBS Group lifted their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, TD Cowen boosted their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Trading Up 0.2 %

TJX stock opened at $124.92 on Tuesday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a market capitalization of $140.43 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The company’s 50-day simple moving average is $123.25 and its 200 day simple moving average is $118.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the prior year, the business posted $1.03 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business 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 is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.20%. TJX Companies’s dividend payout ratio is presently 35.29%.

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.