Arthur M. Cohen & Associates LLC Raises Stake in The TJX Companies, Inc. (NYSE:TJX)

Arthur M. Cohen & Associates LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 10.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,200 shares of the apparel and home fashions retailer’s stock after acquiring an additional 215 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in TJX Companies were worth $266,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TJX. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies during the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies in the third quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new stake in TJX Companies during the third quarter worth approximately $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies during the third quarter worth approximately $30,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of TJX Companies during the 3rd quarter worth approximately $37,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.4 %

TJX opened at $121.89 on Friday. 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 12 month low of $92.35 and a 12 month high of $128.00. The stock has a market capitalization of $137.03 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91. The business has a 50 day simple moving average of $122.48 and a 200-day simple moving average of $117.38.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share. On average, equities analysts anticipate 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. Investors of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Ratings Changes

TJX has been the topic of several research analyst reports. 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. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Wells Fargo & Company upped their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. 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 report on Thursday, December 5th. Finally, TD Cowen increased their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.33.

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.