VisionPoint Advisory Group LLC Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

VisionPoint Advisory Group LLC increased its position in The TJX Companies, Inc. (NYSE:TJX) by 25.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,076 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,637 shares during the period. VisionPoint Advisory Group LLC’s holdings in TJX Companies were worth $1,584,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Paradigm Asset Management Co. LLC increased its stake in shares of TJX Companies by 170.5% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 13,010 shares of the apparel and home fashions retailer’s stock worth $1,572,000 after buying an additional 8,200 shares during the period. Cassaday & Co Wealth Management LLC increased its stake in shares of TJX Companies by 3.8% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 4,805 shares of the apparel and home fashions retailer’s stock worth $581,000 after buying an additional 177 shares during the period. Compass Capital Corp MA ADV purchased a new position in shares of TJX Companies in the fourth quarter worth $307,000. Suncoast Equity Management increased its stake in shares of TJX Companies by 2.1% in the fourth quarter. Suncoast Equity Management now owns 36,520 shares of the apparel and home fashions retailer’s stock worth $4,412,000 after buying an additional 766 shares during the period. Finally, Trinity Legacy Partners LLC increased its stake in shares of TJX Companies by 3.4% in the fourth quarter. Trinity Legacy Partners LLC now owns 40,039 shares of the apparel and home fashions retailer’s stock worth $4,837,000 after buying an additional 1,310 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. UBS Group boosted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. TD Cowen boosted their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.18.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $123.04 on Friday. The stock has a market cap of $138.31 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 2.76 and a beta of 0.91. The firm’s 50-day moving average is $122.93 and its 200 day moving average is $119.40. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 EPS. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 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.