Advisory Resource Group Buys New Position in The TJX Companies, Inc. (NYSE:TJX)

Advisory Resource Group purchased a new position in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,610 shares of the apparel and home fashions retailer’s stock, valued at approximately $315,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Trust Direct Indexing L.P. boosted its holdings in shares of TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after purchasing an additional 5,207 shares in the last quarter. Courier Capital LLC lifted its position in TJX Companies by 55.1% in the 4th quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock worth $4,166,000 after buying an additional 12,247 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its position in TJX Companies by 397.0% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 4,970 shares of the apparel and home fashions retailer’s stock valued at $600,000 after acquiring an additional 3,970 shares during the last quarter. Board of the Pension Protection Fund purchased a new position in shares of TJX Companies during the fourth quarter worth approximately $713,000. Finally, Miracle Mile Advisors LLC lifted its holdings in shares of TJX Companies by 43.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock worth $2,549,000 after acquiring an additional 6,344 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Jefferies Financial Group boosted their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. Robert W. Baird lifted their price target on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Evercore ISI raised their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Price Performance

TJX opened at $124.64 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company has a market cap of $140.11 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The stock has a fifty day simple moving average of $123.25 and a two-hundred day simple moving average of $118.67. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

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 the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. Research analysts predict 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 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

TJX Companies 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.