Atlas Legacy Advisors LLC Takes $433,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Atlas Legacy Advisors LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,581 shares of the apparel and home fashions retailer’s stock, valued at approximately $433,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in shares of TJX Companies by 13,309.4% in the third quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after buying an additional 1,182,272 shares in the last quarter. Provident Trust Co. grew its stake in shares of TJX Companies by 71.3% in the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock valued at $328,984,000 after buying an additional 1,133,486 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of TJX Companies by 161.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock valued at $210,003,000 after buying an additional 1,102,912 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of TJX Companies by 281.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock valued at $145,166,000 after buying an additional 911,351 shares in the last quarter. Finally, Canoe Financial LP grew its stake in shares of TJX Companies by 564.0% in the fourth quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer’s stock valued at $128,568,000 after buying an additional 903,939 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.3 %

TJX opened at $123.41 on Thursday. 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. The company has a market capitalization of $138.73 billion, a P/E ratio of 29.04, a P/E/G ratio of 2.78 and a beta of 0.91. The stock has a fifty day moving average of $123.00 and a 200-day moving average of $119.37.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion during 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%. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 earnings per share. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid 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 35.29%.

Wall Street Analyst Weigh In

TJX has been the subject of several analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday. 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 target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Morgan Stanley lifted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Finally, TD Cowen lifted their price objective 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. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $134.18.

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.