Brooklyn Investment Group Increases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Brooklyn Investment Group boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,815 shares of the apparel and home fashions retailer’s stock after purchasing an additional 361 shares during the quarter. Brooklyn Investment Group’s holdings in TJX Companies were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Merit Financial Group LLC lifted its position in shares of TJX Companies by 9.8% in the 4th quarter. Merit Financial Group LLC now owns 34,891 shares of the apparel and home fashions retailer’s stock worth $4,215,000 after purchasing an additional 3,113 shares during the period. First National Bank of Mount Dora Trust Investment Services raised its stake in TJX Companies by 2.7% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 49,154 shares of the apparel and home fashions retailer’s stock worth $5,938,000 after buying an additional 1,311 shares in the last quarter. Chemistry Wealth Management LLC lifted its holdings in TJX Companies by 6.3% during the fourth quarter. Chemistry Wealth Management LLC now owns 2,029 shares of the apparel and home fashions retailer’s stock worth $245,000 after buying an additional 121 shares during the period. Relyea Zuckerberg Hanson LLC boosted its position in TJX Companies by 14.9% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 3,462 shares of the apparel and home fashions retailer’s stock valued at $418,000 after acquiring an additional 449 shares in the last quarter. Finally, Saxon Interests Inc. purchased a new position in shares of TJX Companies in the 4th quarter valued at $273,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Price Performance

Shares of TJX opened at $121.89 on Friday. The business’s 50-day moving average is $122.48 and its two-hundred day moving average is $117.38. The company has a market capitalization of $137.03 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last posted its 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 for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. During the same period last year, the company earned $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts predict 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 paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TJX shares. TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Jefferies Financial Group increased their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” 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 stock an “equal weight” rating in a report on Friday, January 10th. Finally, Evercore ISI raised their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

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.