MONECO Advisors LLC Buys 1,390 Shares of The TJX Companies, Inc. (NYSE:TJX)

MONECO Advisors LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 28.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,205 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,390 shares during the quarter. MONECO Advisors LLC’s holdings in TJX Companies were worth $750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in TJX. Bogart Wealth LLC bought a new stake in TJX Companies in the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies in the 4th quarter worth $26,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies in the 3rd quarter worth $29,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies in the third quarter worth $30,000. Finally, Truvestments Capital LLC purchased a new stake in TJX Companies during the third quarter valued at $29,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

NYSE TJX opened at $121.08 on Monday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The business has a 50-day moving average price of $122.86 and a 200-day moving average price of $119.64. The firm has a market cap of $136.11 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91.

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 paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.24%. TJX Companies’s payout ratio is 35.29%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TJX shares. Morgan Stanley raised their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Guggenheim boosted their target price 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. Robert W. Baird upped their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Jefferies Financial Group lifted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft upped 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. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.18.

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.