Axecap Investments LLC Has $3.41 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Axecap Investments LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 13.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,190 shares of the apparel and home fashions retailer’s stock after buying an additional 3,396 shares during the quarter. TJX Companies makes up approximately 2.6% of Axecap Investments LLC’s portfolio, making the stock its 15th largest position. Axecap Investments LLC’s holdings in TJX Companies were worth $3,406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TJX. Ritholtz Wealth Management boosted its holdings in shares of TJX Companies by 1.7% in the third quarter. Ritholtz Wealth Management now owns 16,555 shares of the apparel and home fashions retailer’s stock worth $1,946,000 after buying an additional 283 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of TJX Companies by 2,353.0% during the third quarter. Exchange Traded Concepts LLC now owns 22,617 shares of the apparel and home fashions retailer’s stock worth $2,658,000 after purchasing an additional 21,695 shares during the period. CHICAGO TRUST Co NA boosted its holdings in shares of TJX Companies by 14.0% during the third quarter. CHICAGO TRUST Co NA now owns 2,859 shares of the apparel and home fashions retailer’s stock worth $336,000 after purchasing an additional 352 shares during the period. Douglas Lane & Associates LLC acquired a new stake in shares of TJX Companies during the third quarter worth approximately $203,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of TJX Companies by 3.8% during the third quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer’s stock worth $295,000 after purchasing an additional 91 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TJX has been the subject of several research reports. Robert W. Baird raised their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Guggenheim raised their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Evercore ISI raised their price target 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. Wells Fargo & Company raised their price target 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. Finally, Morgan Stanley lifted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $124.92 on Tuesday. The firm has a fifty day simple moving average of $123.25 and a 200-day simple moving average of $118.76. 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 TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The stock has a market capitalization of $140.43 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 2.82 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping 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 business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the previous year, the company earned $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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 paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 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.