Pathway Financial Advisors LLC Boosts Stake in The TJX Companies, Inc. (NYSE:TJX)

Pathway Financial Advisors LLC lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,522 shares of the apparel and home fashions retailer’s stock after buying an additional 161 shares during the period. Pathway Financial Advisors LLC’s holdings in TJX Companies were worth $667,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hartford Funds Management Co LLC increased its holdings in TJX Companies by 0.5% during the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock worth $2,107,000 after buying an additional 86 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position in shares of TJX Companies by 3.4% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock valued at $318,000 after acquiring an additional 90 shares during the period. Hamilton Capital LLC increased its stake in shares of TJX Companies by 3.9% during the 3rd quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock worth $273,000 after purchasing an additional 90 shares during the last quarter. Breakwater Capital Group raised its holdings in shares of TJX Companies by 1.2% in the 4th quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer’s stock worth $930,000 after purchasing an additional 91 shares during the period. Finally, Capital Investment Advisory Services LLC lifted its stake in TJX Companies by 1.0% in the fourth quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer’s stock valued at $1,060,000 after purchasing an additional 91 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on TJX shares. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. TD Cowen increased their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Finally, Guggenheim upped their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.53.

TJX Companies Stock Down 1.2 %

Shares of NYSE TJX opened at $124.33 on Monday. The business has a 50-day moving average of $123.17 and a 200-day moving average of $119.15. The firm has a market capitalization of $139.77 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.82 and a beta of 0.91. 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 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 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion for 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%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. 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 declared 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 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is currently 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.