The TJX Companies, Inc. (NYSE:TJX) Position Boosted by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 18.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,007 shares of the apparel and home fashions retailer's stock after buying an additional 8,528 shares during the period. Concurrent Investment Advisors LLC's holdings in TJX Companies were worth $6,766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Bogart Wealth LLC purchased a new position in TJX Companies during the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies during the 4th quarter worth about $26,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies during the 3rd quarter worth about $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies in the third quarter worth approximately $29,000. Finally, Copeland Capital Management LLC purchased a new stake in TJX Companies in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 1.5 %

TJX traded down $1.90 on Friday, reaching $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 1 year low of $92.35 and a 1 year high of $128.00. The business'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 $136.11 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 2.76 and a beta of 0.91.

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 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion during 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 was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's payout ratio is 35.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TJX shares. StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. 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. UBS Group boosted their price target on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.18.

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.