InTrack Investment Management Inc Purchases New Shares in The TJX Companies, Inc. (NYSE:TJX)

InTrack Investment Management Inc bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,050 shares of the apparel and home fashions retailer’s stock, valued at approximately $602,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies during the 4th quarter worth about $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies during the third quarter worth approximately $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the third quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies in the third quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new position in TJX Companies in the 3rd quarter worth approximately $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TJX has been the topic of a number of recent research reports. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Evercore ISI raised their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Guggenheim boosted their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. UBS Group upped their target price 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. Finally, TD Cowen lifted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $131.33.

TJX Companies Stock Performance

TJX stock opened at $121.89 on Friday. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. 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 firm has a market cap of $137.03 billion, a PE ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91. The business’s 50-day moving average price is $122.48 and its two-hundred day moving average price is $117.38.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the previous year, the business posted $1.03 EPS. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 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.