Albion Financial Group UT Buys 2,053 Shares of The TJX Companies, Inc. (NYSE:TJX)

Albion Financial Group UT increased its position in The TJX Companies, Inc. (NYSE:TJX) by 38.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,396 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,053 shares during the period. Albion Financial Group UT’s holdings in TJX Companies were worth $893,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TJX. Advisory Alpha LLC raised its stake in TJX Companies by 12.6% during the fourth quarter. Advisory Alpha LLC now owns 4,446 shares of the apparel and home fashions retailer’s stock valued at $537,000 after purchasing an additional 498 shares in the last quarter. Dakota Wealth Management increased its holdings in shares of TJX Companies by 7.0% in the 4th quarter. Dakota Wealth Management now owns 117,082 shares of the apparel and home fashions retailer’s stock worth $14,145,000 after buying an additional 7,695 shares during the last quarter. Barlow Wealth Partners Inc. raised its position in shares of TJX Companies by 4.1% during the 4th quarter. Barlow Wealth Partners Inc. now owns 199,858 shares of the apparel and home fashions retailer’s stock valued at $23,805,000 after buying an additional 7,912 shares in the last quarter. Simon Quick Advisors LLC lifted its holdings in shares of TJX Companies by 7.5% in the 4th quarter. Simon Quick Advisors LLC now owns 9,517 shares of the apparel and home fashions retailer’s stock valued at $1,150,000 after acquiring an additional 664 shares during the last quarter. Finally, Aspire Private Capital LLC increased its stake in TJX Companies by 6.5% during the fourth quarter. Aspire Private Capital LLC now owns 6,402 shares of the apparel and home fashions retailer’s stock worth $773,000 after acquiring an additional 391 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Up 1.1 %

Shares of TJX Companies stock opened at $123.23 on Wednesday. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a market cap of $138.52 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 2.98 and a beta of 0.91. The firm’s 50-day moving average is $122.70 and its two-hundred day moving average is $117.72.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping 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 firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period in the previous year, the company posted $1.03 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TJX shares. Guggenheim raised their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. TD Cowen lifted their price objective 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. Evercore ISI increased their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Jefferies Financial Group lifted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.67.

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.