The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Alhambra Investment Management LLC

Alhambra Investment Management LLC boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 24.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,302 shares of the apparel and home fashions retailer’s stock after buying an additional 1,450 shares during the quarter. Alhambra Investment Management LLC’s holdings in TJX Companies were worth $882,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. raised its position in TJX Companies by 12.4% during the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after acquiring an additional 5,207 shares during the period. Courier Capital LLC increased its stake in 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 worth $4,166,000 after buying an additional 12,247 shares in the last quarter. Board of the Pension Protection Fund acquired a new position in shares of TJX Companies during the fourth quarter valued at approximately $713,000. Unigestion Holding SA purchased a new stake in TJX Companies in the 3rd quarter valued at $22,684,000. Finally, Miracle Mile Advisors LLC increased its stake in shares of 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 acquiring an additional 6,344 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TJX shares. Evercore ISI raised their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. TD Cowen lifted 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. UBS Group increased their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Finally, Robert W. Baird upped their price target on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies Price Performance

TJX Companies stock opened at $121.89 on Friday. The stock has a market cap of $137.03 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The company has a fifty day simple moving average of $122.48 and a 200-day simple moving average of $117.38. 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 12-month low of $92.35 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 EPS. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business 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 is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

TJX Companies Company Profile

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.