Cvfg LLC Buys Shares of 6,394 The TJX Companies, Inc. (NYSE:TJX)

Cvfg LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,394 shares of the apparel and home fashions retailer's stock, valued at approximately $772,000.

Several other hedge funds have also recently bought and sold shares of TJX. Capital Performance Advisors LLP acquired a new position in TJX Companies during the 3rd quarter worth $29,000. Legacy Investment Solutions LLC bought a new position in TJX Companies in the 3rd quarter valued at about $30,000. Truvestments Capital LLC acquired a new position in TJX Companies during the 3rd quarter valued at about $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the 3rd quarter worth about $30,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of TJX Companies in the 3rd quarter worth approximately $37,000. 91.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TJX shares. UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Jefferies Financial Group upped their price objective on TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Guggenheim lifted their target price on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. TD Cowen upped their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Finally, Robert W. Baird lifted 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. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $131.33.

TJX Companies Stock Up 0.4 %

Shares of TJX Companies stock traded up $0.51 during midday trading on Friday, hitting $121.89. The company's stock had a trading volume of 4,752,383 shares, compared to its average volume of 4,555,974. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. 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 firm has a market capitalization of $137.03 billion, a P/E ratio of 28.68, a PEG ratio of 2.94 and a beta of 0.91. The stock has a 50-day simple moving average of $122.48 and a 200-day simple moving average of $117.38.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 EPS. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share 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 given a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. TJX Companies's payout ratio is 35.29%.

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.