InTrack Investment Management Inc Makes New $602,000 Investment in The TJX Companies, Inc. (NYSE:TJX)

InTrack Investment Management Inc purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 5,050 shares of the apparel and home fashions retailer's stock, valued at approximately $602,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies in the 3rd quarter worth approximately $29,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies in the 3rd quarter worth approximately $30,000. Truvestments Capital LLC acquired a new position in TJX Companies during the 3rd quarter valued at approximately $29,000. Finally, Copeland Capital Management LLC acquired a new stake in TJX Companies in the third quarter worth $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TJX shares. TD Cowen upped their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Robert W. Baird boosted their price objective on TJX Companies from $133.00 to $138.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. UBS Group lifted their price objective 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. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $131.33.

TJX Companies Trading Up 0.4 %

TJX traded up $0.51 during trading on Friday, reaching $121.89. The company had a trading volume of 4,752,383 shares, compared to its average volume of 4,388,107. The firm's 50-day simple moving average is $122.56 and its 200 day simple moving average is $117.51. 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 market cap of $137.03 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.94 and a beta of 0.91. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

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 EPS for the quarter, topping 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 net margin of 8.63% and a return on equity of 61.82%. The business's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the company posted $1.03 earnings per share. Equities research analysts anticipate 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. Stockholders 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 dividend yield of 1.23%. TJX Companies's payout ratio is currently 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.