Congress Park Capital LLC Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Congress Park Capital LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,167 shares of the apparel and home fashions retailer’s stock after acquiring an additional 459 shares during the quarter. Congress Park Capital LLC’s holdings in TJX Companies were worth $1,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Capital Performance Advisors LLP bought a new stake in TJX Companies during the 3rd quarter valued at approximately $29,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies in the 3rd quarter valued at $30,000. Truvestments Capital LLC bought a new stake in TJX Companies in the 3rd quarter valued at $29,000. Copeland Capital Management LLC purchased a new stake in TJX Companies in the 3rd quarter worth $30,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of TJX Companies in the third quarter worth about $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $121.42 on Friday. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a market cap of $136.49 billion, a PE ratio of 28.57, a P/E/G 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. The business has a 50-day simple moving average of $122.39 and a two-hundred day simple moving average of $117.35.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 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 during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period last year, the business earned $1.03 EPS. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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 given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of research analyst reports. UBS Group upped their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Guggenheim raised their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. TD Cowen boosted 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. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.