Concurrent Investment Advisors LLC Has $6.77 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Concurrent Investment Advisors LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 18.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 56,007 shares of the apparel and home fashions retailer’s stock after acquiring an additional 8,528 shares during the period. Concurrent Investment Advisors LLC’s holdings in TJX Companies were worth $6,766,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bogart Wealth LLC bought a new position in TJX Companies in the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies in the 4th quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies in the 3rd quarter valued at about $29,000. Truvestments Capital LLC bought a new position in TJX Companies in the 3rd quarter valued at about $29,000. Finally, Copeland Capital Management LLC bought a new position in TJX Companies in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a report on Wednesday. Robert W. Baird raised their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. TD Cowen raised their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Wells Fargo & Company lifted 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. Finally, Morgan Stanley lifted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.18.

TJX Companies Stock Down 0.3 %

NYSE:TJX opened at $123.41 on Thursday. The firm’s 50 day simple moving average is $123.00 and its 200 day simple moving average is $119.37. 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 TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company has a market cap of $138.73 billion, a PE ratio of 29.04, a P/E/G ratio of 2.76 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued its quarterly 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. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 EPS. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given 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 dividend yield of 1.22%. TJX Companies’s dividend payout ratio (DPR) is currently 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.