TigerOak Management L.L.C. Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

TigerOak Management L.L.C. bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,426 shares of the apparel and home fashions retailer's stock, valued at approximately $1,501,000.

Several other hedge funds have also bought and sold shares of TJX. Hartford Funds Management Co LLC grew its position in TJX Companies by 0.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer's stock worth $2,107,000 after purchasing an additional 86 shares during the period. Signature Estate & Investment Advisors LLC lifted its holdings in TJX Companies by 3.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer's stock valued at $318,000 after acquiring an additional 90 shares during the period. Hamilton Capital LLC boosted its position in TJX Companies by 3.9% in the 3rd quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer's stock worth $273,000 after purchasing an additional 90 shares in the last quarter. Breakwater Capital Group grew its stake in shares of TJX Companies by 1.2% during the 4th quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer's stock worth $930,000 after purchasing an additional 91 shares during the period. Finally, Capital Investment Advisory Services LLC increased its holdings in shares of TJX Companies by 1.0% during the 4th quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer's stock valued at $1,060,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TJX shares. Guggenheim increased their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. TD Cowen increased their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Wells Fargo & Company lifted their price target 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. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Finally, Evercore ISI boosted their price objective on TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Two 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, the company presently has an average rating of "Moderate Buy" and an average target price of $134.18.

TJX Companies Price Performance

Shares of NYSE TJX traded down $0.42 during mid-day trading on Wednesday, reaching $123.41. The company's stock had a trading volume of 3,678,721 shares, compared to its average volume of 4,269,354. The stock has a market capitalization of $138.73 billion, a P/E ratio of 29.04, a P/E/G ratio of 2.78 and a beta of 0.91. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The stock has a 50-day moving average of $123.07 and a two-hundred day moving average of $119.34. 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 released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business's revenue was up 6.0% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed 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 1.22%. 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.