CogentBlue Wealth Advisors LLC Makes New $1.56 Million Investment in The TJX Companies, Inc. (NYSE:TJX)

CogentBlue Wealth Advisors LLC bought a new stake in shares of 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 (SEC). The fund bought 12,924 shares of the apparel and home fashions retailer's stock, valued at approximately $1,561,000. TJX Companies accounts for 1.4% of CogentBlue Wealth Advisors LLC's holdings, making the stock its 20th biggest holding.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of TJX Companies by 1.0% in the third quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer's stock worth $5,589,783,000 after buying an additional 469,287 shares in the last quarter. Geode Capital Management LLC raised its stake in TJX Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer's stock valued at $2,795,121,000 after purchasing an additional 363,707 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in TJX Companies by 7.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer's stock valued at $1,079,319,000 after purchasing an additional 643,833 shares in the last quarter. Franklin Resources Inc. raised its stake in TJX Companies by 9.9% during the third quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer's stock valued at $837,951,000 after purchasing an additional 657,529 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in TJX Companies by 13.3% during the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer's stock valued at $850,428,000 after purchasing an additional 827,103 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Down 1.8 %

Shares of NYSE TJX traded down $2.17 during mid-day trading on Friday, reaching $120.81. The company had a trading volume of 2,821,385 shares, compared to its average volume of 4,228,275. The business's 50-day moving average is $122.93 and its 200-day moving average is $119.40. 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 stock has a market cap of $135.81 billion, a price-to-earnings ratio of 28.48, 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 posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $13.95 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The business's revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm 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 dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies's payout ratio is 35.29%.

Analyst Ratings Changes

TJX has been the topic of a number of recent research reports. 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 research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. UBS Group upped their price target 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. Morgan Stanley increased their target price on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.18.

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.