Beaumont Financial Advisors LLC Has $4.63 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Beaumont Financial Advisors LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,321 shares of the apparel and home fashions retailer’s stock after selling 1,174 shares during the period. Beaumont Financial Advisors LLC’s holdings in TJX Companies were worth $4,630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its stake in shares of TJX Companies by 33.4% in the second 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 period. International Assets Investment Management LLC lifted its stake in TJX Companies by 13,309.4% in the third quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after buying an additional 1,182,272 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of TJX Companies by 161.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock worth $210,003,000 after buying an additional 1,102,912 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in 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 worth $145,166,000 after acquiring an additional 911,351 shares in the last quarter. Finally, Canoe Financial LP increased its stake in TJX Companies by 564.0% in the fourth quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer’s stock valued at $128,568,000 after purchasing an additional 903,939 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the topic of several recent analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. UBS Group raised their price objective on shares of 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 target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. TD Cowen raised their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Guggenheim upped their price objective on TJX Companies from $135.00 to $140.00 and gave the stock 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 given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Stock Up 1.1 %

Shares of TJX Companies stock opened at $123.23 on Wednesday. The stock has a market capitalization of $138.52 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91. 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 company has a 50-day simple moving average of $122.64 and a two-hundred day simple moving average of $117.64. 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 posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the prior year, the business earned $1.03 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.22%. TJX Companies’s payout ratio is 35.29%.

TJX Companies 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.