The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by My Legacy Advisors LLC

My Legacy Advisors LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,301 shares of the apparel and home fashions retailer’s stock after purchasing an additional 235 shares during the quarter. My Legacy Advisors LLC’s holdings in TJX Companies were worth $1,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TJX. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies in the 4th quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies during the third quarter worth $29,000. Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies in the third quarter valued at $30,000. Truvestments Capital LLC acquired a new stake in TJX Companies during the 3rd quarter valued at $29,000. Finally, Copeland Capital Management LLC purchased a new stake in TJX Companies during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on TJX. Wells Fargo & Company upped their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Guggenheim raised their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Jefferies Financial Group lifted their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft increased their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Robert W. Baird lifted their price target 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. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.33.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $121.89 on Friday. The company has a market cap of $137.03 billion, a PE ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The firm has a 50-day simple moving average of $122.56 and a 200 day simple moving average of $117.46. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders 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 yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

TJX Companies 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.