Concurrent Investment Advisors LLC Buys 8,528 Shares of The TJX Companies, Inc. (NYSE:TJX)

Concurrent Investment Advisors LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 18.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,007 shares of the apparel and home fashions retailer’s stock after acquiring an additional 8,528 shares during the period. Concurrent Investment Advisors LLC’s holdings in TJX Companies were worth $6,766,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bogart Wealth LLC bought a new position in TJX Companies in the fourth quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies in the fourth quarter valued at $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies in the third quarter valued at $29,000. Legacy Investment Solutions LLC bought a new position in TJX Companies in the third quarter valued at $30,000. Finally, Truvestments Capital LLC bought a new position in TJX Companies in the third quarter valued at $29,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX opened at $123.41 on Thursday. The firm has a 50-day moving average of $123.00 and a 200-day moving average of $119.37. 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 stock has a market cap of $138.73 billion, a PE ratio of 29.04, a P/E/G ratio of 2.76 and a beta of 0.91. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share 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 business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. 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 (DPR) is 35.29%.

Analyst Ratings Changes

A number of research firms recently weighed in on TJX. Wells Fargo & Company raised their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Jefferies Financial Group raised their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Evercore ISI increased their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Robert W. Baird increased their price target 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. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $134.18.

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.