Sigma Investment Counselors Inc. Purchases 741 Shares of The TJX Companies, Inc. (NYSE:TJX)

Sigma Investment Counselors Inc. lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,437 shares of the apparel and home fashions retailer’s stock after buying an additional 741 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in TJX Companies were worth $9,959,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TJX. Howard Capital Management Group LLC lifted its holdings in TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after purchasing an additional 69,489 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in TJX Companies by 13,309.4% during the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after purchasing an additional 1,182,272 shares during the last quarter. DT Investment Partners LLC lifted its holdings in TJX Companies by 235.1% during the 3rd quarter. DT Investment Partners LLC now owns 496 shares of the apparel and home fashions retailer’s stock valued at $58,000 after purchasing an additional 348 shares during the last quarter. Busey Bank lifted its holdings in TJX Companies by 6.6% during the 3rd quarter. Busey Bank now owns 6,089 shares of the apparel and home fashions retailer’s stock valued at $716,000 after purchasing an additional 375 shares during the last quarter. Finally, Trueblood Wealth Management LLC lifted its holdings in TJX Companies by 9.6% during the 3rd quarter. Trueblood Wealth Management LLC now owns 4,648 shares of the apparel and home fashions retailer’s stock valued at $546,000 after purchasing an additional 407 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Down 1.5 %

TJX stock opened at $121.08 on Friday. The company has a market cap of $136.11 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The business has a 50-day simple moving average of $122.86 and a 200 day simple moving average of $119.55. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

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

TJX Companies Announces Dividend

The firm 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 $0.375 dividend. 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 presently 35.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TJX shares. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Evercore ISI lifted their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a report on Wednesday. Robert W. Baird lifted their target price on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.18.

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.