Single Point Partners LLC Invests $210,000 in The TJX Companies, Inc. (NYSE:TJX)

Single Point Partners LLC purchased a new position in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,740 shares of the apparel and home fashions retailer’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies in the 4th quarter worth about $26,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies in the third quarter worth approximately $29,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies in the third quarter worth approximately $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the 3rd quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in TJX Companies during the 3rd quarter valued at $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.2 %

Shares of TJX Companies stock opened at $124.92 on Tuesday. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. 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 capitalization of $140.43 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 2.82 and a beta of 0.91. The stock has a 50 day moving average of $123.25 and a 200 day moving average of $118.76.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data 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 firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period in the previous year, the firm earned $1.03 EPS. TJX Companies’s revenue was up 6.0% on a year-over-year basis. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Jefferies Financial Group upped their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Guggenheim raised 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. Finally, Wells Fargo & Company upped their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Two research 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, the company presently has an average rating of “Moderate Buy” and an average price target of $133.53.

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.