Purkiss Capital Advisors LLC Acquires Shares of 2,214 The TJX Companies, Inc. (NYSE:TJX)

Purkiss Capital Advisors LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,214 shares of the apparel and home fashions retailer’s stock, valued at approximately $267,000.

A number of other hedge funds also recently modified their holdings of the stock. State Street Corp grew its stake in TJX Companies by 1.0% during the third quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock worth $5,589,783,000 after buying an additional 469,287 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of TJX Companies by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock worth $2,795,121,000 after acquiring an additional 363,707 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of TJX Companies by 7.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock worth $1,079,319,000 after acquiring an additional 643,833 shares in the last quarter. Franklin Resources Inc. increased its stake in TJX Companies by 9.9% in the third quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock valued at $837,951,000 after acquiring an additional 657,529 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in TJX Companies by 13.3% during the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock valued at $850,428,000 after purchasing an additional 827,103 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Morgan Stanley boosted their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Barclays raised their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday. BMO Capital Markets lifted their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Jefferies Financial Group increased their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $135.06.

TJX Companies Stock Up 1.1 %

Shares of NYSE:TJX opened at $124.79 on Friday. The firm has a market cap of $140.28 billion, a P/E ratio of 29.36, a P/E/G ratio of 2.75 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 business has a fifty day simple moving average of $122.98 and a 200 day simple moving average of $120.02. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. 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 disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Insider Transactions at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.