Kera Capital Partners Inc. Takes Position in The TJX Companies, Inc. (NYSE:TJX)

Kera Capital Partners Inc. acquired a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,820 shares of the apparel and home fashions retailer's stock, valued at approximately $341,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Smith Salley Wealth Management boosted its stake in shares of TJX Companies by 1.7% in the fourth quarter. Smith Salley Wealth Management now owns 263,376 shares of the apparel and home fashions retailer's stock valued at $31,819,000 after purchasing an additional 4,511 shares during the period. Jackson Square Capital LLC lifted its holdings in TJX Companies by 123.3% in the 4th quarter. Jackson Square Capital LLC now owns 39,006 shares of the apparel and home fashions retailer's stock worth $4,712,000 after buying an additional 21,539 shares in the last quarter. Raub Brock Capital Management LP lifted its holdings in TJX Companies by 1.2% in the 4th quarter. Raub Brock Capital Management LP now owns 147,904 shares of the apparel and home fashions retailer's stock worth $17,868,000 after buying an additional 1,711 shares in the last quarter. HB Wealth Management LLC boosted its position in TJX Companies by 9.7% in the 4th quarter. HB Wealth Management LLC now owns 41,263 shares of the apparel and home fashions retailer's stock valued at $4,985,000 after buying an additional 3,646 shares during the last quarter. Finally, CGN Advisors LLC grew its stake in shares of TJX Companies by 6.8% during the fourth quarter. CGN Advisors LLC now owns 22,646 shares of the apparel and home fashions retailer's stock valued at $2,736,000 after acquiring an additional 1,448 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on TJX. UBS Group boosted their price target on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Wells Fargo & Company upped their target price 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. Jefferies Financial Group raised their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Finally, Robert W. Baird increased their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $131.33.

TJX Companies Stock Performance

Shares of TJX traded up $0.51 during midday trading on Friday, hitting $121.89. 4,752,383 shares of the stock traded hands, compared to its average volume of 4,388,107. The business's 50 day moving average price is $122.56 and its two-hundred day moving average price is $117.51. The firm has a market capitalization of $137.03 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. 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 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 posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $13.95 billion. During the same period in the previous year, the business posted $1.03 EPS. TJX Companies's revenue was up 6.0% on a year-over-year basis. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. 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.