Empowered Funds LLC Purchases 3,691 Shares of The TJX Companies, Inc. (NYSE:TJX)

Empowered Funds LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,186 shares of the apparel and home fashions retailer's stock after buying an additional 3,691 shares during the period. Empowered Funds LLC's holdings in TJX Companies were worth $4,130,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Advisory Resource Group bought a new position in shares of TJX Companies during the 4th quarter valued at $315,000. Kingsview Wealth Management LLC grew its holdings in shares of TJX Companies by 1.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 49,549 shares of the apparel and home fashions retailer's stock valued at $5,986,000 after purchasing an additional 865 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in shares of TJX Companies by 6.6% during the 4th quarter. Apollon Wealth Management LLC now owns 33,450 shares of the apparel and home fashions retailer's stock valued at $4,041,000 after purchasing an additional 2,058 shares during the last quarter. Vest Financial LLC bought a new position in shares of TJX Companies during the 4th quarter valued at $792,000. Finally, BayBridge Capital Group LLC grew its holdings in shares of TJX Companies by 1.6% during the 4th quarter. BayBridge Capital Group LLC now owns 12,077 shares of the apparel and home fashions retailer's stock valued at $1,459,000 after purchasing an additional 188 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts recently commented on TJX shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Telsey Advisory Group reissued an "outperform" rating and set a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. Morgan Stanley increased their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. TD Cowen increased their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Finally, UBS Group increased their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and a consensus price target of $133.53.

TJX Companies Stock Down 1.2 %

NYSE TJX traded down $1.52 during trading hours on Friday, reaching $124.33. 4,192,909 shares of the company's stock traded hands, compared to its average volume of 4,236,487. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The firm has a market cap of $139.77 billion, a PE ratio of 29.25, a PEG ratio of 2.82 and a beta of 0.91. The firm has a 50-day simple moving average of $123.17 and a 200 day simple moving average of $119.15. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly 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. 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 company posted $1.03 EPS. TJX Companies's revenue was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.21%. TJX Companies's dividend payout ratio (DPR) is currently 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.