True North Advisors LLC Grows Position in The TJX Companies, Inc. (NYSE:TJX)

True North Advisors LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 79.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,074 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,803 shares during the period. True North Advisors LLC’s holdings in TJX Companies were worth $492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. First Trust Direct Indexing L.P. boosted its holdings in TJX Companies by 12.4% during the third 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 buying an additional 5,207 shares in the last quarter. Courier Capital LLC lifted its position in shares of TJX Companies by 55.1% during the 4th quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock valued at $4,166,000 after acquiring an additional 12,247 shares during the period. Board of the Pension Protection Fund purchased a new stake in shares of TJX Companies during the 4th quarter worth approximately $713,000. Unigestion Holding SA acquired a new stake in shares of TJX Companies in the 3rd quarter worth approximately $22,684,000. Finally, Miracle Mile Advisors LLC increased its stake in TJX Companies by 43.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock valued at $2,549,000 after purchasing an additional 6,344 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.6 %

TJX opened at $122.56 on Thursday. The stock has a market capitalization of $137.77 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 3.02 and a beta of 0.91. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. 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 business has a 50-day moving average of $122.70 and a two-hundred day moving average of $117.72.

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, topping the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 earnings per share. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TJX. Evercore ISI boosted their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Wells Fargo & Company boosted 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 increased their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. TD Cowen upped 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. Finally, StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.67.

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.