Concord Wealth Partners Grows Position in The TJX Companies, Inc. (NYSE:TJX)

Concord Wealth Partners grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 86.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,663 shares of the apparel and home fashions retailer’s stock after buying an additional 6,796 shares during the period. Concord Wealth Partners’ holdings in TJX Companies were worth $1,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

TJX Companies Stock Down 1.0 %

TJX Companies stock opened at $124.83 on Friday. The stock’s fifty day moving average is $123.32 and its two-hundred day moving average is $118.26. The stock has a market cap of $140.33 billion, a PE ratio of 29.37, a P/E/G ratio of 3.04 and a beta of 0.91. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year 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.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $13.95 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TJX shares. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Robert W. Baird raised their price objective on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Wells Fargo & Company lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. TD Cowen lifted their target price 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, Jefferies Financial Group upped their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three equities 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

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.