Magnolia Capital Advisors LLC Has $1.02 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Magnolia Capital Advisors LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,468 shares of the apparel and home fashions retailer’s stock after purchasing an additional 674 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in TJX Companies were worth $1,023,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies during the third quarter worth about $29,000. Truvestments Capital LLC bought a new position in TJX Companies during the third quarter worth about $29,000. Copeland Capital Management LLC bought a new position in TJX Companies during the third quarter worth about $30,000. Finally, Legacy Investment Solutions LLC bought a new position in TJX Companies during the third quarter worth about $30,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 1.0 %

TJX opened at $124.83 on Monday. The stock has a market capitalization of $140.33 billion, a P/E ratio of 29.37, a P/E/G ratio of 3.05 and a beta of 0.91. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The firm’s fifty day simple moving average is $123.32 and its 200 day simple moving average is $118.28. 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 quarterly 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 firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the previous year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. TJX Companies’s dividend payout ratio is presently 35.29%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TJX shares. TD Cowen raised their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Morgan Stanley raised their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. Finally, UBS Group lifted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

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.