Miracle Mile Advisors LLC Boosts Position in The TJX Companies, Inc. (NYSE:TJX)

Miracle Mile Advisors LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 43.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,102 shares of the apparel and home fashions retailer's stock after acquiring an additional 6,344 shares during the period. Miracle Mile Advisors LLC's holdings in TJX Companies were worth $2,549,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TJX. Wealthspire Advisors LLC lifted its position in TJX Companies by 4.7% in the second quarter. Wealthspire Advisors LLC now owns 12,377 shares of the apparel and home fashions retailer's stock worth $1,363,000 after buying an additional 560 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in TJX Companies by 28.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 11,871 shares of the apparel and home fashions retailer's stock worth $1,307,000 after purchasing an additional 2,655 shares during the period. Prime Capital Investment Advisors LLC lifted its stake in TJX Companies by 13.5% in the second quarter. Prime Capital Investment Advisors LLC now owns 51,889 shares of the apparel and home fashions retailer's stock worth $5,713,000 after purchasing an additional 6,152 shares during the last quarter. Capital Wealth Planning LLC purchased a new position in shares of TJX Companies during the second quarter valued at approximately $315,698,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of TJX Companies by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer's stock valued at $689,812,000 after buying an additional 662,681 shares during the period. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Down 0.9 %

NYSE TJX traded down $1.08 during trading on Tuesday, hitting $118.81. The company's stock had a trading volume of 1,711,541 shares, compared to its average volume of 4,189,952. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. 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 company has a market cap of $133.56 billion, a PE ratio of 27.96, a P/E/G ratio of 3.07 and a beta of 0.91. The business's 50 day simple moving average is $122.21 and its 200-day simple moving average is $117.27.

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, 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 company had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $13.95 billion. During the same period last year, the business earned $1.03 EPS. TJX Companies's revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.375 dividend. 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 1.26%. TJX Companies's dividend payout ratio (DPR) is 35.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TJX shares. Guggenheim raised their price target on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Robert W. Baird boosted their target price 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. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Wells Fargo & Company upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, Jefferies Financial Group lifted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.33.

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.