Aspire Private Capital LLC Acquires 391 Shares of The TJX Companies, Inc. (NYSE:TJX)

Aspire Private Capital LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 6.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,402 shares of the apparel and home fashions retailer’s stock after purchasing an additional 391 shares during the period. Aspire Private Capital LLC’s holdings in TJX Companies were worth $773,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the fourth quarter worth $26,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies during the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies during the third quarter valued at about $30,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies in the third quarter valued at about $29,000. Finally, Copeland Capital Management LLC bought a new position in TJX Companies during the third quarter valued at about $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Up 1.1 %

NYSE:TJX opened at $123.23 on Wednesday. The firm has a market capitalization of $138.52 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 2.98 and a beta of 0.91. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The business’s 50-day moving average price is $122.64 and its two-hundred day moving average price is $117.64. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. UBS Group raised their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Evercore ISI lifted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Wells Fargo & Company increased their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Finally, Guggenheim raised their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

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.