Jackson Square Capital LLC Acquires 21,539 Shares of The TJX Companies, Inc. (NYSE:TJX)

Jackson Square Capital LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 123.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,006 shares of the apparel and home fashions retailer's stock after acquiring an additional 21,539 shares during the quarter. TJX Companies makes up about 1.1% of Jackson Square Capital LLC's holdings, making the stock its 25th biggest holding. Jackson Square Capital LLC's holdings in TJX Companies were worth $4,712,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. increased its stake in TJX Companies by 12.4% in the 3rd 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 during the period. Courier Capital LLC grew its holdings in shares of TJX Companies by 55.1% during the 4th quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer's stock valued at $4,166,000 after acquiring an additional 12,247 shares in the last quarter. Board of the Pension Protection Fund acquired a new position in shares of TJX Companies in the fourth quarter worth $713,000. Unigestion Holding SA bought a new position in shares of TJX Companies in the 3rd quarter valued at approximately $22,684,000. Finally, Miracle Mile Advisors LLC lifted its holdings in TJX Companies by 43.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer's stock worth $2,549,000 after purchasing an additional 6,344 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently 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. Jefferies Financial Group lifted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. UBS Group upped their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 10th. Telsey Advisory Group reiterated an "outperform" rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Finally, TD Cowen increased their target price on TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $131.33.

TJX Companies Price Performance

NYSE:TJX traded up $0.51 during mid-day trading on Friday, hitting $121.89. The company's stock had a trading volume of 4,752,383 shares, compared to its average volume of 4,388,107. The company has a market capitalization of $137.03 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The stock has a fifty day moving average of $122.56 and a 200-day moving average of $117.51.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $13.95 billion. During the same period in the prior year, the firm posted $1.03 EPS. TJX Companies's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company 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. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. 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.