Richardson Financial Services Inc. Acquires 305 Shares of The TJX Companies, Inc. (NYSE:TJX)

Richardson Financial Services Inc. boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,855 shares of the apparel and home fashions retailer’s stock after buying an additional 305 shares during the period. Richardson Financial Services Inc.’s holdings in TJX Companies were worth $588,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp raised its stake in TJX Companies by 1.0% during the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock valued at $5,589,783,000 after purchasing an additional 469,287 shares during the last quarter. Geode Capital Management LLC raised its position in shares of TJX Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock valued at $2,795,121,000 after buying an additional 363,707 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of TJX Companies by 7.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock valued at $1,079,319,000 after buying an additional 643,833 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of TJX Companies by 9.9% in the third quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock valued at $837,951,000 after buying an additional 657,529 shares during the period. Finally, Nordea Investment Management AB grew its position in TJX Companies by 13.3% during the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock worth $850,428,000 after buying an additional 827,103 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on TJX shares. UBS Group raised their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Morgan Stanley boosted 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group upped their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Price Performance

TJX Companies stock opened at $124.83 on Friday. The business’s fifty day moving average is $123.32 and its two-hundred day moving average is $118.26. 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 firm has a market cap of $140.33 billion, a P/E ratio of 29.37, a P/E/G ratio of 3.04 and a beta of 0.91. 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 issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (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 for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share 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 given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

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.