Trifecta Capital Advisors LLC Acquires 99 Shares of The TJX Companies, Inc. (NYSE:TJX)

Trifecta Capital Advisors LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,691 shares of the apparel and home fashions retailer’s stock after purchasing an additional 99 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in TJX Companies were worth $5,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC bought a new position in TJX Companies in the fourth quarter valued at about $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies in the fourth quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies in the third quarter valued at about $29,000. Truvestments Capital LLC bought a new position in TJX Companies in the third quarter valued at about $29,000. Finally, Legacy Investment Solutions LLC bought a new position in TJX Companies in the third quarter valued at about $30,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

NYSE:TJX opened at $121.35 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The stock has a 50-day moving average price of $122.81 and a 200 day moving average price of $119.72. The stock has a market capitalization of $136.42 billion, a P/E ratio of 28.55, a P/E/G ratio of 2.75 and a beta of 0.91.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TJX. Jefferies Financial Group increased their target price on TJX Companies from $140.00 to $145.00 and gave the company 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 report on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, February 19th. TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, 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 note 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.18.

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.