Boston Financial Mangement LLC Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Boston Financial Mangement LLC increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,464 shares of the apparel and home fashions retailer’s stock after buying an additional 668 shares during the period. Boston Financial Mangement LLC’s holdings in TJX Companies were worth $2,714,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Bogart Wealth LLC bought a new position in shares of TJX Companies in the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies during the 4th quarter worth about $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies in the 3rd quarter worth about $29,000. Truvestments Capital LLC purchased a new position in TJX Companies during the 3rd quarter valued at about $29,000. Finally, Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the third quarter valued at about $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $123.41 on Thursday. 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 TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a fifty day moving average of $123.00 and a 200-day moving average of $119.37. The stock has a market capitalization of $138.73 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 2.76 and a beta of 0.91.

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

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors 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 is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. 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. Jefferies Financial Group upped their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Guggenheim lifted their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company upped their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company presently 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.