Mirae Asset Global Investments Co. Ltd. Buys 35,690 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mirae Asset Global Investments Co. Ltd. raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 28.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 162,366 shares of the apparel and home fashions retailer’s stock after purchasing an additional 35,690 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in TJX Companies were worth $19,910,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Osprey Private Wealth LLC increased its holdings in TJX Companies by 0.4% in the 4th quarter. Osprey Private Wealth LLC now owns 26,905 shares of the apparel and home fashions retailer’s stock worth $3,250,000 after acquiring an additional 100 shares during the last quarter. Aua Capital Management LLC purchased a new position in shares of TJX Companies in the fourth quarter worth about $203,000. Stratos Investment Management LLC raised its position in shares of TJX Companies by 9.0% in the fourth quarter. Stratos Investment Management LLC now owns 2,942 shares of the apparel and home fashions retailer’s stock valued at $356,000 after purchasing an additional 244 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of TJX Companies by 1.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 34,231 shares of the apparel and home fashions retailer’s stock valued at $4,136,000 after buying an additional 531 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in TJX Companies by 143.1% in the 4th quarter. Retirement Systems of Alabama now owns 597,794 shares of the apparel and home fashions retailer’s stock worth $72,219,000 after buying an additional 351,887 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group boosted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company raised their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Morgan Stanley upped their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. Finally, Guggenheim upped their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $133.53.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $125.53 on Thursday. The firm has a market capitalization of $141.11 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The business’s 50-day moving average price is $123.29 and its 200-day moving average price is $118.49.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $1.03 earnings per share. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.19%. TJX Companies’s payout ratio is 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.