Merit Financial Group LLC Has $4.22 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Merit Financial Group LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,891 shares of the apparel and home fashions retailer’s stock after buying an additional 3,113 shares during the quarter. Merit Financial Group LLC’s holdings in TJX Companies were worth $4,215,000 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. Capital Performance Advisors LLP bought a new stake in TJX Companies during the 3rd quarter worth approximately $29,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies during the third quarter valued at approximately $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies during the third quarter worth $30,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the 3rd quarter valued at $30,000. Finally, Northwest Investment Counselors LLC bought a new position in TJX Companies during the 3rd quarter valued at $37,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Price Performance

NYSE TJX opened at $121.89 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market cap of $137.03 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The firm’s 50-day simple moving average is $122.56 and its two-hundred day simple moving average is $117.46.

TJX Companies (NYSE:TJX) last announced its quarterly 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the prior year, the company posted $1.03 EPS. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. Research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TJX shares. Jefferies Financial Group upped their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. TD Cowen upped their price objective 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. StockNews.com raised shares of 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 report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

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.