Braun Stacey Associates Inc. Purchases 8,086 Shares of The TJX Companies, Inc. (NYSE:TJX)

Braun Stacey Associates Inc. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 233,355 shares of the apparel and home fashions retailer's stock after acquiring an additional 8,086 shares during the quarter. TJX Companies accounts for about 1.1% of Braun Stacey Associates Inc.'s holdings, making the stock its 29th largest position. Braun Stacey Associates Inc.'s holdings in TJX Companies were worth $28,192,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Atria Wealth Solutions Inc. increased its position in shares of TJX Companies by 7.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 64,639 shares of the apparel and home fashions retailer's stock valued at $7,809,000 after acquiring an additional 4,416 shares during the last quarter. Provident Trust Co. increased its position in TJX Companies by 71.3% in the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer's stock worth $328,984,000 after buying an additional 1,133,486 shares during the last quarter. GAM Holding AG purchased a new stake in TJX Companies in the fourth quarter worth $1,167,000. Kornitzer Capital Management Inc. KS increased its position in TJX Companies by 2.3% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 12,449 shares of the apparel and home fashions retailer's stock worth $1,504,000 after buying an additional 277 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in TJX Companies by 8.0% in the fourth quarter. Venturi Wealth Management LLC now owns 120,387 shares of the apparel and home fashions retailer's stock worth $14,544,000 after buying an additional 8,883 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on TJX. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research report on Wednesday. Guggenheim raised their target price on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Robert W. Baird raised their target price on TJX Companies from $133.00 to $138.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Evercore ISI raised their target price on TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company raised their target price on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $134.18.

TJX Companies Price Performance

NYSE:TJX traded down $1.90 during trading hours on Friday, hitting $121.08. 5,692,049 shares of the company's stock traded hands, compared to its average volume of 4,322,778. The firm has a market cap of $136.11 billion, a P/E ratio of 28.49, a P/E/G ratio of 2.76 and a beta of 0.91. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The business's fifty day simple moving average is $122.86 and its two-hundred day simple moving average is $119.48. 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 posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $1.03 earnings per share. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's dividend 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.