Beta Wealth Group Inc. Purchases New Shares in The TJX Companies, Inc. (NYSE:TJX)

Beta Wealth Group Inc. bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,800 shares of the apparel and home fashions retailer's stock, valued at approximately $701,000.

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

Analyst Upgrades and Downgrades

TJX has been the topic of several research reports. 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. UBS Group increased their target price on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Evercore ISI increased their target price on TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research report on Wednesday. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $134.18.

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $1.90 on Friday, hitting $121.08. The company's stock had a trading volume of 5,692,049 shares, compared to its average volume of 4,322,778. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a market capitalization of $136.11 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 2.76 and a beta of 0.91. The stock's 50-day moving average is $122.86 and its two-hundred day moving average is $119.48. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $13.95 billion. During the same quarter last year, the business posted $1.03 earnings per share. The company's quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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