Financial Life Planners Takes $93,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Financial Life Planners purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 771 shares of the apparel and home fashions retailer’s stock, valued at approximately $93,000.

Other institutional investors also recently modified their holdings of the company. Algert Global LLC raised its stake in TJX Companies by 36.8% in the second quarter. Algert Global LLC now owns 4,608 shares of the apparel and home fashions retailer’s stock valued at $507,000 after purchasing an additional 1,240 shares in the last quarter. Czech National Bank lifted its stake in TJX Companies by 6.7% during the third quarter. Czech National Bank now owns 230,223 shares of the apparel and home fashions retailer’s stock worth $27,060,000 after purchasing an additional 14,413 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of TJX Companies by 25.6% in the 3rd quarter. Quent Capital LLC now owns 4,759 shares of the apparel and home fashions retailer’s stock valued at $559,000 after purchasing an additional 971 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of TJX Companies by 40.7% in the 3rd quarter. GAMMA Investing LLC now owns 18,152 shares of the apparel and home fashions retailer’s stock valued at $2,134,000 after purchasing an additional 5,251 shares during the last quarter. Finally, Diversified Trust Co raised its holdings in shares of TJX Companies by 18.6% during the 3rd quarter. Diversified Trust Co now owns 21,505 shares of the apparel and home fashions retailer’s stock worth $2,528,000 after buying an additional 3,375 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX opened at $124.83 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm has a market cap of $140.33 billion, a PE ratio of 29.37, a PEG ratio of 3.05 and a beta of 0.91. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The stock’s fifty day moving average price is $123.32 and its two-hundred day moving average price is $118.31.

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 (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 business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced 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. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analyst Weigh In

TJX has been the topic of several research reports. TD Cowen lifted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. UBS Group boosted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Morgan Stanley boosted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, Jefferies Financial Group lifted their target price on 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.67.

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.