The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Alhambra Investment Management LLC

Alhambra Investment Management LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 24.8% during the fourth quarter, HoldingsChannel reports. The firm owned 7,302 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,450 shares during the quarter. Alhambra Investment Management LLC’s holdings in TJX Companies were worth $882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. InTrack Investment Management Inc purchased a new position in TJX Companies in the 4th quarter valued at approximately $602,000. Canoe Financial LP increased its position in shares of TJX Companies by 564.0% in the fourth quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer’s stock valued at $128,568,000 after buying an additional 903,939 shares in the last quarter. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies during the 4th quarter worth $26,000. Arthur M. Cohen & Associates LLC boosted its position in shares of TJX Companies by 10.8% in the 4th quarter. Arthur M. Cohen & Associates LLC now owns 2,200 shares of the apparel and home fashions retailer’s stock worth $266,000 after buying an additional 215 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in TJX Companies by 8.1% in the 4th quarter. Brooklyn Investment Group now owns 4,815 shares of the apparel and home fashions retailer’s stock valued at $582,000 after acquiring an additional 361 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 0.4 %

NYSE:TJX opened at $121.89 on Friday. The business’s 50-day simple moving average is $122.48 and its 200 day simple moving average is $117.38. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The stock has a market cap of $137.03 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results 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 firm 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 earnings per share. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. TJX Companies’s payout ratio is currently 35.29%.

Analyst Ratings Changes

Several analysts have recently commented on TJX shares. Wells Fargo & Company increased their price target 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. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Robert W. Baird increased their price target on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group increased their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $131.33.

TJX Companies Company 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.