True North Advisors LLC Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

True North Advisors LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 79.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,074 shares of the apparel and home fashions retailer’s stock after buying an additional 1,803 shares during the quarter. True North Advisors LLC’s holdings in TJX Companies were worth $492,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TJX. Baker Ellis Asset Management LLC increased its position in shares of TJX Companies by 39.8% in the 4th quarter. Baker Ellis Asset Management LLC now owns 3,795 shares of the apparel and home fashions retailer’s stock valued at $458,000 after purchasing an additional 1,080 shares during the last quarter. Phillips Wealth Planners LLC grew its stake in shares of TJX Companies by 34.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 5,842 shares of the apparel and home fashions retailer’s stock worth $701,000 after purchasing an additional 1,507 shares in the last quarter. Dupont Capital Management Corp increased its holdings in TJX Companies by 21.5% in the fourth quarter. Dupont Capital Management Corp now owns 122,048 shares of the apparel and home fashions retailer’s stock valued at $14,745,000 after buying an additional 21,609 shares during the last quarter. Daymark Wealth Partners LLC raised its stake in TJX Companies by 0.7% in the fourth quarter. Daymark Wealth Partners LLC now owns 18,356 shares of the apparel and home fashions retailer’s stock valued at $2,218,000 after buying an additional 130 shares in the last quarter. Finally, Albion Financial Group UT lifted its holdings in TJX Companies by 38.4% during the 4th quarter. Albion Financial Group UT now owns 7,396 shares of the apparel and home fashions retailer’s stock worth $893,000 after buying an additional 2,053 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TJX. Jefferies Financial Group increased their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. TD Cowen increased their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Evercore ISI boosted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Wells Fargo & Company upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Finally, Morgan Stanley lifted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Trading Down 0.6 %

NYSE:TJX opened at $122.56 on Thursday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. 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 stock’s 50 day simple moving average is $122.70 and its 200-day simple moving average is $117.72. The firm has a market cap of $137.77 billion, a P/E ratio of 28.84, a PEG ratio of 3.02 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the company posted $1.03 EPS. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current 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 issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.22%. TJX Companies’s dividend payout ratio is currently 35.29%.

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.