Stablepoint Partners LLC Has $3.29 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Stablepoint Partners LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,234 shares of the apparel and home fashions retailer’s stock after buying an additional 312 shares during the quarter. Stablepoint Partners LLC’s holdings in TJX Companies were worth $3,290,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TJX. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the 4th quarter worth about $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the third quarter worth about $29,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies in the third quarter valued at approximately $29,000. Copeland Capital Management LLC bought a new position in TJX Companies in the 3rd quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the 3rd quarter worth approximately $30,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent research reports. 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Morgan Stanley lifted their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company lifted their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.67.

TJX Companies Price Performance

Shares of TJX opened at $122.61 on Friday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The stock has a market cap of $137.83 billion, a P/E ratio of 28.85, a P/E/G ratio of 3.00 and a beta of 0.91. The business’s fifty day moving average is $122.84 and its 200 day moving average is $117.86. 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 announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal 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 paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

About TJX Companies

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.