Smith Group Asset Management LLC Has $24.79 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Smith Group Asset Management LLC lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 205,180 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,433 shares during the period. TJX Companies accounts for 1.8% of Smith Group Asset Management LLC’s holdings, making the stock its 23rd biggest holding. Smith Group Asset Management LLC’s holdings in TJX Companies were worth $24,788,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First Trust Direct Indexing L.P. boosted its position in shares of TJX Companies by 12.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after purchasing an additional 5,207 shares in the last quarter. Courier Capital LLC boosted its holdings in shares of 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 stake in shares of TJX Companies during the 4th quarter worth approximately $713,000. 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 valued at $2,549,000 after acquiring an additional 6,344 shares in the last quarter. Finally, Unigestion Holding SA bought a new stake in shares of TJX Companies in the 3rd quarter valued at $22,684,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $124.38 on Wednesday. The company has a market capitalization of $139.82 billion, a PE ratio of 29.27, a PEG ratio of 3.00 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $123.04 and its 200-day moving average price is $118.08. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share 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 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 firm earned $1.03 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.21%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analysts Set New Price Targets

Several research firms have weighed in on TJX. Wells Fargo & Company lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Morgan Stanley boosted their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Evercore ISI increased their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a 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. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus target price 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.