Avion Wealth Grows Position in The TJX Companies, Inc. (NYSE:TJX)

Avion Wealth increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 18.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 662 shares of the apparel and home fashions retailer’s stock after buying an additional 101 shares during the quarter. Avion Wealth’s holdings in TJX Companies were worth $79,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its stake in shares of TJX Companies by 67.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 296,305 shares of the apparel and home fashions retailer’s stock valued at $35,897,000 after purchasing an additional 119,396 shares during the last quarter. Avidian Wealth Enterprises LLC grew its stake in shares of TJX Companies by 6.5% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 5,861 shares of the apparel and home fashions retailer’s stock valued at $708,000 after purchasing an additional 358 shares during the last quarter. Valley Brook Capital Group Inc. grew its stake in shares of TJX Companies by 10.2% in the 4th quarter. Valley Brook Capital Group Inc. now owns 8,180 shares of the apparel and home fashions retailer’s stock valued at $988,000 after purchasing an additional 760 shares during the last quarter. Indiana Trust & Investment Management Co boosted its stake in shares of TJX Companies by 1.1% in the fourth quarter. Indiana Trust & Investment Management Co now owns 27,619 shares of the apparel and home fashions retailer’s stock valued at $3,337,000 after buying an additional 287 shares in the last quarter. Finally, Community Financial Services Group LLC boosted its stake in shares of TJX Companies by 1.3% in the fourth quarter. Community Financial Services Group LLC now owns 20,376 shares of the apparel and home fashions retailer’s stock valued at $2,462,000 after buying an additional 266 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

TJX stock opened at $124.66 on Wednesday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The stock has a 50-day moving average price of $123.23 and a two-hundred day moving average price of $118.85. 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 company has a market cap of $140.14 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS 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 paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Robert W. Baird lifted their price target on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Jefferies Financial Group lifted their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Morgan Stanley lifted their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $133.53.

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.