CX Institutional Acquires 9,824 Shares of The TJX Companies, Inc. (NYSE:TJX)

CX Institutional increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 20.6% during the fourth quarter, HoldingsChannel reports. The firm owned 57,471 shares of the apparel and home fashions retailer’s stock after buying an additional 9,824 shares during the period. CX Institutional’s holdings in TJX Companies were worth $6,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of TJX. AQR Capital Management LLC grew its stake in shares of TJX Companies by 3.2% in the second quarter. AQR Capital Management LLC now owns 740,531 shares of the apparel and home fashions retailer’s stock worth $81,532,000 after acquiring an additional 23,070 shares during the period. Ameriprise Financial Inc. grew its position in TJX Companies by 33.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after purchasing an additional 3,063,318 shares during the period. DoubleLine ETF Adviser LP purchased a new stake in TJX Companies during the 2nd quarter valued at $3,343,000. Daymark Wealth Partners LLC lifted its holdings in shares of TJX Companies by 16.9% during the 2nd quarter. Daymark Wealth Partners LLC now owns 16,139 shares of the apparel and home fashions retailer’s stock valued at $1,777,000 after buying an additional 2,334 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in shares of TJX Companies in the 2nd quarter worth $454,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $122.66 on Friday. The firm has a market cap of $137.88 billion, a price-to-earnings ratio of 28.86, a P/E/G ratio of 3.00 and a beta of 0.91. The firm has a fifty day moving average price of $122.73 and a 200 day moving average price of $117.75. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week 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.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. 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 prior year, the firm earned $1.03 EPS. The business’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of research reports. Evercore ISI upped their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their price target 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. Wells Fargo & Company raised their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. UBS Group upped their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” 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 stock an “overweight” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.67.

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.