Flagship Harbor Advisors LLC Acquires 532 Shares of The TJX Companies, Inc. (NYSE:TJX)

Flagship Harbor Advisors LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.2% in the 4th quarter, HoldingsChannel reports. The firm owned 17,366 shares of the apparel and home fashions retailer’s stock after acquiring an additional 532 shares during the period. Flagship Harbor Advisors LLC’s holdings in TJX Companies were worth $2,098,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies during the 4th quarter valued at $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies during the third quarter valued at about $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies in the 3rd quarter valued at about $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies in the 3rd quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in TJX Companies during the 3rd quarter worth approximately $30,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on TJX. UBS Group raised their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Morgan Stanley raised their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Robert W. Baird boosted their target price on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Guggenheim raised their price target 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. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average price target of $131.67.

TJX Companies Stock Performance

NYSE TJX opened at $122.61 on Monday. The company has a market capitalization of $137.83 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 3.00 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 TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a 50-day simple moving average of $122.84 and a 200 day simple moving average of $117.90.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $13.95 billion. During the same quarter last year, the business posted $1.03 EPS. TJX Companies’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. TJX Companies’s payout ratio is 35.29%.

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.