Fairvoy Private Wealth LLC Acquires New Position in The TJX Companies, Inc. (NYSE:TJX)

Fairvoy Private Wealth LLC acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,591 shares of the apparel and home fashions retailer’s stock, valued at approximately $3,092,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in TJX Companies by 5.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,128 shares of the apparel and home fashions retailer’s stock worth $17,654,000 after purchasing an additional 7,677 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of TJX Companies by 0.8% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,656,500 shares of the apparel and home fashions retailer’s stock valued at $320,932,000 after acquiring an additional 19,984 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at $2,138,000. GHP Investment Advisors Inc. raised its stake in shares of TJX Companies by 1.5% in the 4th quarter. GHP Investment Advisors Inc. now owns 142,303 shares of the apparel and home fashions retailer’s stock valued at $17,192,000 after acquiring an additional 2,103 shares during the period. Finally, Oakworth Capital Inc. raised its stake in shares of TJX Companies by 5.9% in the 4th quarter. Oakworth Capital Inc. now owns 11,895 shares of the apparel and home fashions retailer’s stock valued at $1,437,000 after acquiring an additional 664 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX opened at $126.20 on Friday. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $123.27 and a 200 day simple moving average of $118.53. The stock has a market capitalization of $141.87 billion, a PE ratio of 29.69, a P/E/G ratio of 3.05 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results 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 return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the firm posted $1.03 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is currently 35.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Robert W. Baird raised their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Evercore ISI raised their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. 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 report on Thursday, December 5th. Morgan Stanley raised their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company raised their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $133.53.

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.