Beacon Financial Group Buys New Position in The TJX Companies, Inc. (NYSE:TJX)

Beacon Financial Group purchased a new position in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,673 shares of the apparel and home fashions retailer’s stock, valued at approximately $202,000.

Other large investors also recently bought and sold shares of the company. Schear Investment Advisers LLC grew its holdings in TJX Companies by 8.0% during the 4th quarter. Schear Investment Advisers LLC now owns 14,834 shares of the apparel and home fashions retailer’s stock valued at $1,792,000 after purchasing an additional 1,095 shares in the last quarter. Leavell Investment Management Inc. boosted its position in TJX Companies by 11.7% in the 4th quarter. Leavell Investment Management Inc. now owns 3,834 shares of the apparel and home fashions retailer’s stock valued at $463,000 after buying an additional 403 shares during the last quarter. Portfolio Design Labs LLC grew its stake in shares of TJX Companies by 36.6% during the fourth quarter. Portfolio Design Labs LLC now owns 19,040 shares of the apparel and home fashions retailer’s stock valued at $2,300,000 after acquiring an additional 5,105 shares in the last quarter. Fishman Jay A Ltd. MI increased its position in shares of TJX Companies by 1.5% during the fourth quarter. Fishman Jay A Ltd. MI now owns 16,251 shares of the apparel and home fashions retailer’s stock worth $1,963,000 after acquiring an additional 243 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in shares of TJX Companies by 11.6% in the fourth quarter. Quent Capital LLC now owns 5,310 shares of the apparel and home fashions retailer’s stock worth $642,000 after acquiring an additional 551 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the topic of several analyst reports. Robert W. Baird lifted their price objective on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. TD Cowen raised their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Evercore ISI upped 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 objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $133.53.

TJX Companies Trading Down 0.2 %

NYSE:TJX opened at $124.45 on Thursday. The firm has a market capitalization of $139.90 billion, a P/E ratio of 29.28, a P/E/G ratio of 2.82 and a beta of 0.91. The business has a 50 day simple moving average of $123.22 and a 200 day simple moving average of $118.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX) last released its quarterly 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 business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

TJX Companies 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.