Northeast Investment Management Acquires 35,746 Shares of The TJX Companies, Inc. (NYSE:TJX)

Northeast Investment Management grew its position in The TJX Companies, Inc. (NYSE:TJX) by 42.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,393 shares of the apparel and home fashions retailer’s stock after acquiring an additional 35,746 shares during the period. Northeast Investment Management’s holdings in TJX Companies were worth $14,424,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TJX. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies in the fourth quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies in the 3rd quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new stake in TJX Companies in the 3rd quarter valued at $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies during the third quarter worth about $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies during the 3rd quarter worth approximately $30,000. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Guggenheim upped their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company upped 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 note on Friday, January 10th. Morgan Stanley boosted 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. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, Evercore ISI upped their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Stock Down 1.2 %

TJX Companies stock opened at $124.64 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $140.11 billion, a PE ratio of 29.33, a PEG ratio of 2.82 and a beta of 0.91. The firm’s fifty day moving average is $123.25 and its 200 day moving average is $118.67. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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. 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 quarter in the prior year, the firm earned $1.03 EPS. The business’s 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 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm 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 $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. TJX Companies’s dividend payout ratio is presently 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.