Marshfield Associates Has $273.67 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Marshfield Associates raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,328,268 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,415 shares during the quarter. TJX Companies accounts for about 5.8% of Marshfield Associates’ investment portfolio, making the stock its 7th biggest holding. Marshfield Associates’ holdings in TJX Companies were worth $273,665,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Richard W. Paul & Associates LLC bought a new stake in TJX Companies during the 2nd quarter valued at about $25,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies during the 3rd quarter valued at about $30,000. Truvestments Capital LLC bought a new stake in TJX Companies during the 3rd quarter valued at about $29,000. Finally, Copeland Capital Management LLC bought a new stake in shares of TJX Companies in the third quarter worth approximately $30,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $125.91 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 1-year low of $88.58 and a 1-year high of $128.00. The company has a market capitalization of $141.54 billion, a P/E ratio of 29.62, a P/E/G ratio of 3.10 and a beta of 0.90. The firm’s 50 day simple moving average is $118.26 and its two-hundred day simple moving average is $114.58.

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 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 for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Loop Capital lifted their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research note on Friday. Wells Fargo & Company lifted their price target on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. UBS Group lifted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Evercore ISI lifted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Three 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, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.89.

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.