Park Avenue Securities LLC Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Park Avenue Securities LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,213 shares of the apparel and home fashions retailer's stock after buying an additional 11,007 shares during the quarter. Park Avenue Securities LLC's holdings in TJX Companies were worth $9,087,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TJX. First Trust Direct Indexing L.P. lifted its stake in TJX Companies by 12.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer's stock worth $5,537,000 after acquiring an additional 5,207 shares in the last quarter. Courier Capital LLC increased its stake in TJX Companies by 55.1% during the fourth quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer's stock worth $4,166,000 after purchasing an additional 12,247 shares during the period. Unigestion Holding SA purchased a new stake in TJX Companies during the third quarter worth about $22,684,000. Nordea Investment Management AB lifted its position in shares of TJX Companies by 13.3% during the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer's stock worth $850,428,000 after purchasing an additional 827,103 shares in the last quarter. Finally, Miracle Mile Advisors LLC boosted its stake in shares of TJX Companies by 43.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer's stock valued at $2,549,000 after purchasing an additional 6,344 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Telsey Advisory Group reiterated an "outperform" rating and issued a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. 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 research note on Thursday, November 21st. Wells Fargo & Company increased 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. Finally, TD Cowen boosted their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $131.33.

TJX Companies Stock Performance

TJX traded down $0.14 on Wednesday, reaching $119.10. The company had a trading volume of 4,906,273 shares, compared to its average volume of 4,613,674. The stock has a 50-day moving average price of $122.32 and a 200-day moving average price of $117.34. The stock has a market capitalization of $133.89 billion, a PE ratio of 28.02, a P/E/G ratio of 3.07 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. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. The firm 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 firm earned $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 Announces Dividend

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 1.26%. TJX Companies's payout ratio is 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.