Armstrong Advisory Group Inc. Acquires 215 Shares of The TJX Companies, Inc. (NYSE:TJX)

Armstrong Advisory Group Inc. grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 32,023 shares of the apparel and home fashions retailer’s stock after buying an additional 215 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in TJX Companies were worth $3,869,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. One Capital Management LLC raised its holdings in TJX Companies by 27.8% in the 2nd quarter. One Capital Management LLC now owns 3,331 shares of the apparel and home fashions retailer’s stock worth $367,000 after purchasing an additional 725 shares in the last quarter. Plancorp LLC increased its position in shares of TJX Companies by 3.6% during the second quarter. Plancorp LLC now owns 2,930 shares of the apparel and home fashions retailer’s stock valued at $323,000 after buying an additional 103 shares during the period. Perennial Investment Advisors LLC raised its stake in TJX Companies by 22.6% in the second quarter. Perennial Investment Advisors LLC now owns 4,527 shares of the apparel and home fashions retailer’s stock worth $498,000 after buying an additional 834 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in TJX Companies by 15.4% in the second quarter. Axxcess Wealth Management LLC now owns 16,397 shares of the apparel and home fashions retailer’s stock worth $1,805,000 after buying an additional 2,186 shares during the period. Finally, E Fund Management Co. Ltd. bought a new stake in TJX Companies during the 2nd quarter valued at approximately $521,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of TJX opened at $119.10 on Thursday. The company has a market cap of $133.89 billion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 2.94 and a beta of 0.91. The business’s fifty day simple moving average is $122.32 and its two-hundred day simple moving average is $117.34. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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 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 company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same period last year, the firm posted $1.03 earnings per share. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.26%. TJX Companies’s payout ratio is 35.29%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. UBS Group increased their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Jefferies Financial Group raised their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Finally, StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.33.

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.