The TJX Companies, Inc. (NYSE:TJX) Position Increased by Nvest Financial LLC

Nvest Financial LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,126 shares of the apparel and home fashions retailer’s stock after buying an additional 2,251 shares during the period. TJX Companies makes up about 1.4% of Nvest Financial LLC’s investment portfolio, making the stock its 21st largest holding. Nvest Financial LLC’s holdings in TJX Companies were worth $2,794,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of TJX. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies in the 4th quarter worth about $26,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies in the third quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies during the third quarter worth approximately $30,000. Truvestments Capital LLC purchased a new position in TJX Companies during the third quarter valued at approximately $29,000. Finally, Copeland Capital Management LLC acquired a new position in TJX Companies in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Down 0.4 %

Shares of TJX Companies stock opened at $124.38 on Wednesday. The company’s fifty day simple moving average is $123.04 and its 200-day simple moving average is $118.08. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year 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 company has a market cap of $139.82 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.00 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the previous year, the business posted $1.03 earnings per share. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side 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. Stockholders of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. TJX Companies’s payout ratio is presently 35.29%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Jefferies Financial Group lifted their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. UBS Group upped their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Guggenheim lifted 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. Finally, Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

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.