Pittenger & Anderson Inc. Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Pittenger & Anderson Inc. increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,869 shares of the apparel and home fashions retailer’s stock after purchasing an additional 9,112 shares during the period. TJX Companies accounts for 0.9% of Pittenger & Anderson Inc.’s holdings, making the stock its 25th biggest holding. Pittenger & Anderson Inc.’s holdings in TJX Companies were worth $24,992,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new position in TJX Companies in the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies in the 4th quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new stake in TJX Companies in the 3rd quarter worth approximately $29,000. Truvestments Capital LLC bought a new stake in TJX Companies in the 3rd quarter worth approximately $29,000. Finally, Copeland Capital Management LLC bought a new stake in TJX Companies in the 3rd quarter worth approximately $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of TJX stock opened at $124.33 on Monday. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The stock has a market capitalization of $139.77 billion, a price-to-earnings ratio of 29.25, a P/E/G ratio of 2.82 and a beta of 0.91. The stock has a fifty day simple moving average of $123.17 and a two-hundred day simple moving average of $119.19. 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 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period 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 predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of research reports. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft boosted their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Guggenheim boosted their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company boosted their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.53.

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.