Valeo Financial Advisors LLC increased its position in TJX Companies Inc (NYSE:TJX) by 90.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,406 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,093 shares during the quarter. Valeo Financial Advisors LLC’s holdings in TJX Companies were worth $197,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Foster & Motley Inc. grew its position in shares of TJX Companies by 96.6% during the fourth quarter. Foster & Motley Inc. now owns 46,328 shares of the apparel and home fashions retailer’s stock valued at $2,073,000 after purchasing an additional 22,762 shares in the last quarter. Cobblestone Capital Advisors LLC NY boosted its position in TJX Companies by 72.9% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 178,140 shares of the apparel and home fashions retailer’s stock valued at $7,970,000 after buying an additional 75,086 shares during the period. Trust Co. of Vermont boosted its position in TJX Companies by 98.6% in the 4th quarter. Trust Co. of Vermont now owns 67,295 shares of the apparel and home fashions retailer’s stock valued at $3,011,000 after buying an additional 33,412 shares during the period. Wetherby Asset Management Inc. boosted its position in TJX Companies by 99.0% in the 4th quarter. Wetherby Asset Management Inc. now owns 29,663 shares of the apparel and home fashions retailer’s stock valued at $1,327,000 after buying an additional 14,760 shares during the period. Finally, YCG LLC boosted its position in TJX Companies by 100.0% in the 4th quarter. YCG LLC now owns 10,000 shares of the apparel and home fashions retailer’s stock valued at $447,000 after buying an additional 5,000 shares during the period. Institutional investors and hedge funds own 50.70% of the company’s stock.
A number of analysts recently issued reports on the company. Telsey Advisory Group upgraded TJX Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $51.00 to $56.00 in a report on Thursday, January 31st. ValuEngine cut TJX Companies from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 7th. Barclays set a $55.00 target price on shares of TJX Companies and gave the company a “hold” rating in a research report on Wednesday, November 21st. Citigroup increased their target price on shares of TJX Companies from $55.50 to $62.50 and gave the company a “buy” rating in a research report on Tuesday, October 16th. Finally, Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Friday, November 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the company. TJX Companies currently has an average rating of “Buy” and an average target price of $53.54.
TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The company had revenue of $9.83 billion during the quarter, compared to analysts’ expectations of $9.50 billion. TJX Companies had a return on equity of 59.74% and a net margin of 7.98%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS. On average, equities research analysts expect that TJX Companies Inc will post 2.44 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 14th will be paid a $0.195 dividend. The ex-dividend date is Wednesday, February 13th. This represents a $0.78 annualized dividend and a dividend yield of 1.59%. TJX Companies’s dividend payout ratio (DPR) is 38.61%.
About TJX Companies
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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