Liberty One Investment Management LLC Buys 2,092 Shares of The TJX Companies, Inc. (NYSE:TJX)

Liberty One Investment Management LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,057 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,092 shares during the quarter. Liberty One Investment Management LLC’s holdings in TJX Companies were worth $4,960,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TJX. State Street Corp lifted its holdings in TJX Companies by 1.0% during the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock valued at $5,589,783,000 after purchasing an additional 469,287 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of TJX Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock worth $2,795,121,000 after buying an additional 363,707 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after acquiring an additional 3,063,318 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of TJX Companies by 7.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock worth $1,079,319,000 after acquiring an additional 643,833 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of TJX Companies by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock worth $837,951,000 after acquiring an additional 657,529 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 0.4 %

Shares of NYSE:TJX opened at $121.89 on Friday. The company has a 50 day moving average price of $122.56 and a two-hundred day moving average price of $117.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a market capitalization of $137.03 billion, a PE ratio of 28.68, a PEG ratio of 2.94 and a beta of 0.91. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week 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 during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TJX. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. UBS Group raised their target price on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Guggenheim raised their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen upped their target price 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 investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $131.33.

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.