Ieq Capital LLC Buys 7,876 Shares of The TJX Companies, Inc. (NYSE:TJX)

Ieq Capital LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 87,274 shares of the apparel and home fashions retailer's stock after purchasing an additional 7,876 shares during the period. Ieq Capital LLC's holdings in TJX Companies were worth $10,544,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TJX. Bogart Wealth LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the fourth quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies during the third quarter worth about $29,000. Truvestments Capital LLC bought a new stake in TJX Companies in the third quarter worth about $29,000. Finally, Copeland Capital Management LLC bought a new stake in TJX Companies in the third quarter worth about $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Trading Down 1.8 %

TJX stock traded down $2.17 during trading on Friday, hitting $120.81. 2,821,385 shares of the company traded hands, compared to its average volume of 4,228,275. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a 50-day moving average of $122.93 and a 200-day moving average of $119.40. The firm has a market capitalization of $135.81 billion, a PE ratio of 28.48, a P/E/G ratio of 2.76 and a beta of 0.91. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.

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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared 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. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies's dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analyst Weigh In

TJX has been the topic of several research analyst reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Wednesday. Wells Fargo & Company upped their price target on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, January 10th. TD Cowen boosted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Robert W. Baird raised their target price on TJX Companies from $133.00 to $138.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. Finally, Morgan Stanley raised their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and a consensus target price of $134.18.

TJX Companies Company 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.