Capital Investment Advisors LLC Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Capital Investment Advisors LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 81.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,853 shares of the apparel and home fashions retailer's stock after buying an additional 2,184 shares during the quarter. Capital Investment Advisors LLC's holdings in TJX Companies were worth $586,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on TJX shares. Telsey Advisory Group reissued an "outperform" rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Jefferies Financial Group upped their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. TD Cowen increased their price target on shares of 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 upped their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $131.33.

TJX Companies Price Performance

Shares of TJX Companies stock traded up $2.31 during trading on Thursday, reaching $121.42. The company's stock had a trading volume of 3,840,027 shares, compared to its average volume of 4,536,305. The business has a 50 day moving average price of $122.39 and a 200-day moving average price of $117.35. 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 $136.49 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. 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 - Get Free Report) last issued 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 analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business's revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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 issued 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 1.24%. TJX Companies's dividend payout ratio (DPR) is presently 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.