Fulton Breakefield Broenniman LLC Has $17.37 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Fulton Breakefield Broenniman LLC lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 143,735 shares of the apparel and home fashions retailer’s stock after selling 364 shares during the period. TJX Companies accounts for approximately 1.2% of Fulton Breakefield Broenniman LLC’s holdings, making the stock its 25th biggest position. Fulton Breakefield Broenniman LLC’s holdings in TJX Companies were worth $17,365,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. First Trust Direct Indexing L.P. grew its stake in TJX Companies by 12.4% during the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after buying an additional 5,207 shares during the last quarter. Courier Capital LLC grew its stake in shares of TJX Companies by 55.1% during the fourth quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock valued at $4,166,000 after purchasing an additional 12,247 shares during the last quarter. Board of the Pension Protection Fund bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $713,000. Miracle Mile Advisors LLC grew its stake in shares of TJX Companies by 43.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock valued at $2,549,000 after purchasing an additional 6,344 shares during the last quarter. Finally, Unigestion Holding SA acquired a new position in TJX Companies in the third quarter valued at approximately $22,684,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of several analyst reports. Guggenheim increased their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen lifted 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, Morgan Stanley lifted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.67.

TJX Companies Stock Performance

TJX Companies stock opened at $124.38 on Wednesday. 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 firm has a 50-day moving average of $122.94 and a 200-day moving average of $118.01. The firm has a market cap of $139.82 billion, a P/E ratio of 29.27, a P/E/G ratio of 3.00 and a beta of 0.91. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year 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 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 business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the business posted $1.03 earnings per share. TJX Companies’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm 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 dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.21%. TJX Companies’s payout ratio is 35.29%.

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.