The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by MPS Loria Financial Planners LLC

MPS Loria Financial Planners LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 25.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,174 shares of the apparel and home fashions retailer’s stock after purchasing an additional 439 shares during the quarter. MPS Loria Financial Planners LLC’s holdings in TJX Companies were worth $263,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its stake in shares of TJX Companies by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after buying an additional 3,063,318 shares during the period. International Assets Investment Management LLC grew its position in TJX Companies by 13,309.4% during the third quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after acquiring an additional 1,182,272 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in TJX Companies by 161.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock worth $210,003,000 after acquiring an additional 1,102,912 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of TJX Companies by 281.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock worth $145,166,000 after purchasing an additional 911,351 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of TJX Companies by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock valued at $850,428,000 after purchasing an additional 827,103 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX stock opened at $119.10 on Thursday. The stock’s 50 day moving average is $122.32 and its two-hundred day moving average is $117.34. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a market capitalization of $133.89 billion, a PE ratio of 28.02, a P/E/G ratio of 2.94 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share 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 business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the company earned $1.03 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.26%. TJX Companies’s payout ratio is 35.29%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. TD Cowen raised 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. Wells Fargo & Company increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. UBS Group lifted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.