Atlas Legacy Advisors LLC Purchases New Stake in The TJX Companies, Inc. (NYSE:TJX)

Atlas Legacy Advisors LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,581 shares of the apparel and home fashions retailer's stock, valued at approximately $433,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. lifted its holdings in shares of TJX Companies by 12.4% during the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer's stock worth $5,537,000 after buying an additional 5,207 shares during the last quarter. Congress Asset Management Co. lifted its holdings in shares of TJX Companies by 1.1% during the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock worth $148,456,000 after buying an additional 13,036 shares during the last quarter. BLB&B Advisors LLC lifted its holdings in shares of TJX Companies by 2.8% during the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock worth $9,795,000 after buying an additional 2,201 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of TJX Companies by 12.1% during the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock worth $4,130,000 after buying an additional 3,691 shares during the last quarter. Finally, Courier Capital LLC lifted its holdings in shares of TJX Companies by 55.1% during the fourth quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer's stock worth $4,166,000 after buying an additional 12,247 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TJX has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Wells Fargo & Company upped their target price on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. Evercore ISI upped their target price on TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. Finally, Robert W. Baird upped their target price on TJX Companies from $133.00 to $138.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, TJX Companies has an average rating of "Moderate Buy" and a consensus price target of $134.18.

TJX Companies Price Performance

Shares of TJX stock traded down $1.92 during trading hours on Friday, hitting $121.06. 2,477,671 shares of the company's stock were exchanged, compared to its average volume of 4,224,639. The stock's 50-day moving average is $122.93 and its 200-day moving average is $119.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a market cap of $136.10 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 2.76 and a beta of 0.91. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping 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 prior year, the business earned $1.03 earnings per share. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies's dividend 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.