Strategic Financial Concepts LLC Acquires New Stake in The TJX Companies, Inc. (NYSE:TJX)

Strategic Financial Concepts LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,700 shares of the apparel and home fashions retailer's stock, valued at approximately $2,138,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Trust Direct Indexing L.P. increased its position in shares of TJX Companies by 12.4% in the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer's stock valued at $5,537,000 after buying an additional 5,207 shares in the last quarter. Congress Asset Management Co. increased its position in shares of TJX Companies by 1.1% in the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock valued at $148,456,000 after buying an additional 13,036 shares in the last quarter. BLB&B Advisors LLC increased its position in shares of TJX Companies by 2.8% in the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock valued at $9,795,000 after buying an additional 2,201 shares in the last quarter. Empowered Funds LLC increased its position in shares of TJX Companies by 12.1% during the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock worth $4,130,000 after purchasing an additional 3,691 shares in the last quarter. Finally, Courier Capital LLC increased its position in shares of 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 in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on TJX. Robert W. Baird boosted their price target on TJX Companies from $133.00 to $138.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Guggenheim boosted their price target on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Jefferies Financial Group boosted their price target on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $134.18.

TJX Companies Trading Down 1.5 %

Shares of TJX Companies stock traded down $1.90 during trading hours on Friday, hitting $121.08. The company's stock had a trading volume of 5,692,049 shares, compared to its average volume of 4,322,778. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The firm has a fifty day moving average of $122.86 and a 200-day moving average of $119.48. The stock has a market cap of $136.11 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 2.76 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.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the prior year, the company posted $1.03 EPS. The company's quarterly revenue was up 6.0% on a year-over-year basis. Research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's dividend payout ratio (DPR) is presently 35.29%.

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.