The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Fourpath Capital Management LLC

Fourpath Capital Management LLC boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,305 shares of the apparel and home fashions retailer’s stock after purchasing an additional 283 shares during the period. Fourpath Capital Management LLC’s holdings in TJX Companies were worth $399,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies during the 4th quarter valued at $26,000. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies during the third quarter worth $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies during the third quarter valued at $30,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at $29,000. Finally, Copeland Capital Management LLC purchased a new position in TJX Companies in the 3rd quarter worth about $30,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upped 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. Robert W. Baird raised their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note 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. Finally, TD Cowen upped their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Price Performance

NYSE TJX opened at $124.31 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $139.74 billion, a PE ratio of 29.25, a price-to-earnings-growth 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 company has a 50 day moving average price of $123.32 and a two-hundred day moving average price of $118.31.

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, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the prior year, the company posted $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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 $0.375 dividend. 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 payout ratio is 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.