The TJX Companies, Inc. (NYSE:TJX) Stake Boosted by Liberty One Investment Management LLC

Liberty One Investment Management LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,057 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,092 shares during the period. Liberty One Investment Management LLC’s holdings in TJX Companies were worth $4,960,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. First Trust Direct Indexing L.P. lifted its holdings in shares of TJX Companies by 12.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after buying an additional 5,207 shares during the last quarter. Courier Capital LLC lifted its stake in shares of 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 valued at $4,166,000 after purchasing an additional 12,247 shares during the last quarter. Board of the Pension Protection Fund bought a new stake in TJX Companies in the fourth quarter worth $713,000. Unigestion Holding SA acquired a new position in TJX Companies during the third quarter worth $22,684,000. Finally, Miracle Mile Advisors LLC raised its holdings in TJX Companies by 43.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock valued at $2,549,000 after buying an additional 6,344 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TJX shares. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Evercore ISI upped their price objective 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. TD Cowen lifted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Robert W. Baird upped their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $121.89 on Friday. The business’s 50 day moving average is $122.56 and its 200-day moving average is $117.46. 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 firm has a market capitalization of $137.03 billion, a PE ratio of 28.68, a PEG ratio of 2.94 and a beta of 0.91. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results 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 firm 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 company earned $1.03 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

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.