By otakuyassine3@gmail.com 
Mediolanum International Funds Ltd lifted its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 190.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 531,224 shares of the apparel and home fashions retailer’s stock after buying an additional 348,186 shares during the period. TJX Companies comprises 0.8% of Mediolanum International Funds Ltd’s holdings, making the stock its 21st largest position. Mediolanum International Funds Ltd’s holdings in TJX Companies were worth $64,168,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in TJX. Algert Global LLC boosted its holdings in TJX Companies by 36.8% during the second quarter. Algert Global LLC now owns 4,608 shares of the apparel and home fashions retailer’s stock worth $507,000 after purchasing an additional 1,240 shares during the last quarter. Advisory Alpha LLC raised its holdings in TJX Companies by 19.9% during the second quarter. Advisory Alpha LLC now owns 3,353 shares of the apparel and home fashions retailer’s stock worth $369,000 after acquiring an additional 556 shares in the last quarter. Cetera Investment Advisers boosted its position in TJX Companies by 14.3% during the second quarter. Cetera Investment Advisers now owns 274,022 shares of the apparel and home fashions retailer’s stock valued at $30,170,000 after purchasing an additional 34,256 shares during the last quarter. Sanctuary Advisors LLC bought a new position in TJX Companies in the second quarter valued at approximately $14,718,000. Finally, Heritage Wealth Management Inc. acquired a new position in shares of TJX Companies during the 2nd quarter worth approximately $207,000. Institutional investors and hedge funds own 91.09% of the company’s stock.
Analyst Upgrades and Downgrades
TJX has been the subject of several analyst reports. TD Cowen raised their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Evercore ISI boosted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. 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 report on Friday, January 10th. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.
View Our Latest Analysis on TJX Companies
TJX Companies Trading Up 1.5 %
Shares of NYSE:TJX opened at $126.09 on Friday. The company has a market capitalization of $141.74 billion, a P/E ratio of 29.67, a P/E/G ratio of 3.04 and a beta of 0.91. 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 business’s 50 day simple moving average is $123.13 and its 200 day simple moving average is $118.13. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.
TJX Companies (NYSE:TJX – Get Free Report) last posted its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.
TJX Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.19%. TJX Companies’s dividend payout ratio is currently 35.29%.
TJX Companies 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.
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