The TJX Companies, Inc. (NYSE:TJX) Stock Position Raised by Canoe Financial LP

Canoe Financial LP raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 564.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,064,217 shares of the apparel and home fashions retailer's stock after purchasing an additional 903,939 shares during the quarter. TJX Companies accounts for approximately 1.9% of Canoe Financial LP's portfolio, making the stock its 17th largest holding. Canoe Financial LP owned about 0.09% of TJX Companies worth $128,568,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Seven Eight Capital LP purchased a new stake in shares of TJX Companies during the second quarter valued at approximately $306,000. XTX Topco Ltd increased its stake in TJX Companies by 155.9% during the 2nd quarter. XTX Topco Ltd now owns 12,061 shares of the apparel and home fashions retailer's stock worth $1,328,000 after buying an additional 7,347 shares during the period. Inspire Investing LLC acquired a new position in TJX Companies in the 2nd quarter worth $1,070,000. Brighton Jones LLC boosted its position in TJX Companies by 3.2% in the 2nd quarter. Brighton Jones LLC now owns 13,694 shares of the apparel and home fashions retailer's stock valued at $1,508,000 after buying an additional 420 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in shares of TJX Companies by 7.1% during the second quarter. Ieq Capital LLC now owns 75,345 shares of the apparel and home fashions retailer's stock valued at $8,296,000 after acquiring an additional 4,974 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

Shares of TJX stock traded up $0.51 during midday trading on Friday, reaching $121.89. 4,752,383 shares of the company were exchanged, compared to its average volume of 4,388,107. The company's 50 day moving average price is $122.56 and its two-hundred day moving average price is $117.51. The company has a market cap of $137.03 billion, a P/E 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. 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 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 firm had revenue of $14.06 billion for 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 firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 earnings per share. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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 issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies's payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. UBS Group upped their target price on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. TD Cowen upped their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Telsey Advisory Group reiterated 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 price objective on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. Finally, Robert W. Baird increased their target price on TJX Companies from $133.00 to $138.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.33.

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.