Harbor Investment Advisory LLC Has $2.25 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Harbor Investment Advisory LLC cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,644 shares of the apparel and home fashions retailer’s stock after selling 175 shares during the quarter. Harbor Investment Advisory LLC’s holdings in TJX Companies were worth $2,252,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Ameriprise Financial Inc. raised its position in TJX Companies by 33.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after buying an additional 3,063,318 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of TJX Companies by 13,309.4% in the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock worth $140,008,000 after acquiring an additional 1,182,272 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings 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 purchasing an additional 1,102,912 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of TJX Companies by 281.6% during 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 purchasing an additional 911,351 shares in the last quarter. Finally, Canoe Financial LP boosted its holdings in TJX Companies by 564.0% during the fourth quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer’s stock worth $128,568,000 after purchasing an additional 903,939 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $121.89 on Tuesday. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The business’s fifty day moving average is $122.56 and its 200 day moving average is $117.56. 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 firm has a market cap of $137.03 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.98 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 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. Research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Analysts Set New Price Targets

Several research firms have commented on TJX. Wells Fargo & Company increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. UBS Group increased their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Jefferies Financial Group boosted their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Finally, 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 report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $131.33.

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.