Strategic Investment Advisors MI Has $1.18 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Strategic Investment Advisors MI reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,774 shares of the apparel and home fashions retailer’s stock after selling 554 shares during the period. Strategic Investment Advisors MI’s holdings in TJX Companies were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Kathmere Capital Management LLC acquired a new position in TJX Companies in the 2nd quarter valued at $214,000. SkyView Investment Advisors LLC raised its holdings in TJX Companies by 23.4% in the 2nd quarter. SkyView Investment Advisors LLC now owns 11,326 shares of the apparel and home fashions retailer’s stock valued at $1,247,000 after acquiring an additional 2,144 shares in the last quarter. Ascent Group LLC raised its holdings in TJX Companies by 6.5% in the 2nd quarter. Ascent Group LLC now owns 48,992 shares of the apparel and home fashions retailer’s stock valued at $5,394,000 after acquiring an additional 3,003 shares in the last quarter. Algert Global LLC raised its holdings in TJX Companies by 36.8% in the 2nd quarter. Algert Global LLC now owns 4,608 shares of the apparel and home fashions retailer’s stock valued at $507,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Creative Planning raised its holdings in TJX Companies by 3.9% in the 2nd quarter. Creative Planning now owns 306,771 shares of the apparel and home fashions retailer’s stock valued at $33,775,000 after acquiring an additional 11,374 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Robert W. Baird lifted their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. UBS Group lifted their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Finally, Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the company 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 MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Stock Up 0.0 %

Shares of TJX opened at $122.61 on Monday. The company has a market capitalization of $137.83 billion, a PE ratio of 28.85, a PEG ratio of 3.00 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 stock’s 50-day moving average price is $122.84 and its two-hundred day moving average price is $117.90. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced 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 the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 EPS. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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