Blackston Financial Advisory Group LLC Has $415,000 Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Blackston Financial Advisory Group LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,434 shares of the apparel and home fashions retailer’s stock after acquiring an additional 334 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in TJX Companies were worth $415,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TJX. Bogart Wealth LLC acquired a new stake in TJX Companies during the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at $26,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies during the third quarter valued at $29,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies during the third quarter valued at $30,000. Finally, Truvestments Capital LLC purchased a new stake in TJX Companies in the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TJX. Evercore ISI lifted their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. UBS Group upped their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. 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 research report on Tuesday, January 21st. Robert W. Baird boosted their price target 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. Finally, Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.18.

TJX Companies Stock Down 1.5 %

Shares of TJX stock opened at $121.08 on Friday. The stock’s 50 day simple moving average is $122.86 and its 200 day simple moving average is $119.48. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a market capitalization of $136.11 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 2.75 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 EPS for the quarter, beating 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 company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders 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 yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is 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.