Atlas Brown Inc. Increases Position in The TJX Companies, Inc. (NYSE:TJX)

Atlas Brown Inc. lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,215 shares of the apparel and home fashions retailer’s stock after purchasing an additional 133 shares during the period. TJX Companies comprises approximately 1.2% of Atlas Brown Inc.’s portfolio, making the stock its 23rd largest position. Atlas Brown Inc.’s holdings in TJX Companies were worth $3,409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies during the 3rd quarter worth about $29,000. Truvestments Capital LLC purchased a new position in TJX Companies in the third quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies during the third quarter worth approximately $30,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at $30,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of TJX Companies in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock traded down $1.74 during trading on Friday, reaching $119.91. The company’s stock had a trading volume of 2,744,268 shares, compared to its average volume of 4,213,935. The business has a 50 day moving average price of $121.91 and a 200-day moving average price of $117.05. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The company has a market capitalization of $134.80 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 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, 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 company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period in the previous year, the firm earned $1.03 EPS. The business’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business 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 of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. TJX Companies’s payout ratio is 35.29%.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. UBS Group boosted their target price on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday. TD Cowen raised their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Robert W. Baird boosted their price objective on 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 raised their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, TJX Companies 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.