The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Canoe Financial LP

Canoe Financial LP increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 564.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,064,217 shares of the apparel and home fashions retailer’s stock after purchasing an additional 903,939 shares during the quarter. TJX Companies accounts for approximately 1.9% of Canoe Financial LP’s portfolio, making the stock its 17th biggest position. Canoe Financial LP owned about 0.09% of TJX Companies worth $128,568,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies in the 4th quarter valued at approximately $26,000. Arthur M. Cohen & Associates LLC lifted its stake in TJX Companies by 10.8% during the fourth quarter. Arthur M. Cohen & Associates LLC now owns 2,200 shares of the apparel and home fashions retailer’s stock worth $266,000 after purchasing an additional 215 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of TJX Companies by 8.1% during the fourth quarter. Brooklyn Investment Group now owns 4,815 shares of the apparel and home fashions retailer’s stock worth $582,000 after buying an additional 361 shares during the period. Merit Financial Group LLC grew its stake in shares of TJX Companies by 9.8% in the fourth quarter. Merit Financial Group LLC now owns 34,891 shares of the apparel and home fashions retailer’s stock valued at $4,215,000 after buying an additional 3,113 shares in the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of TJX Companies by 2.7% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 49,154 shares of the apparel and home fashions retailer’s stock valued at $5,938,000 after buying an additional 1,311 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.4 %

TJX stock opened at $121.89 on Friday. The company’s 50 day moving average is $122.48 and its two-hundred day moving average is $117.38. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month 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 stock has a market cap of $137.03 billion, a P/E ratio of 28.68, a PEG ratio of 2.94 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 EPS for the quarter, topping 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 firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the business earned $1.03 EPS. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid 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 yield of 1.23%. TJX Companies’s dividend payout ratio is presently 35.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on 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 increased their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Robert W. Baird boosted their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. UBS Group increased their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.33.

About TJX Companies

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.