4,000 Shares in The TJX Companies, Inc. (NYSE:TJX) Purchased by Asset Allocation & Management Company LLC

Asset Allocation & Management Company LLC purchased a new position in The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,000 shares of the apparel and home fashions retailer’s stock, valued at approximately $483,000.

Other institutional investors have also recently bought and sold shares of the company. First Trust Direct Indexing L.P. boosted its position in TJX Companies by 12.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after acquiring an additional 5,207 shares during the period. Unigestion Holding SA acquired a new stake in TJX Companies during the 3rd quarter worth about $22,684,000. Nordea Investment Management AB boosted its position in TJX Companies by 13.3% during the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock worth $850,428,000 after acquiring an additional 827,103 shares during the period. EP Wealth Advisors LLC boosted its position in TJX Companies by 229.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer’s stock worth $24,387,000 after acquiring an additional 154,342 shares during the period. Finally, Benjamin Edwards Inc. boosted its position in TJX Companies by 333.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 112,590 shares of the apparel and home fashions retailer’s stock worth $13,240,000 after acquiring an additional 86,626 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 0.7 %

TJX stock traded down $0.90 during mid-day trading on Monday, reaching $119.16. The company had a trading volume of 1,052,494 shares, compared to its average volume of 4,046,203. 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 TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The stock has a 50 day simple moving average of $122.06 and a two-hundred day simple moving average of $117.21. The company has a market capitalization of $133.95 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 3.07 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 EPS 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 period in the previous year, the company posted $1.03 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders 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 annualized dividend and a yield of 1.26%. TJX Companies’s dividend payout ratio is presently 35.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TJX shares. Jefferies Financial Group raised their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft boosted their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Evercore ISI boosted their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Guggenheim boosted their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average target price of $131.33.

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.