Turtle Creek Wealth Advisors LLC Purchases 537 Shares of The TJX Companies, Inc. (NYSE:TJX)

Turtle Creek Wealth Advisors LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 26,513 shares of the apparel and home fashions retailer’s stock after purchasing an additional 537 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in TJX Companies were worth $3,203,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. First Trust Direct Indexing L.P. grew its stake 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 worth $5,537,000 after acquiring an additional 5,207 shares during the period. Courier Capital LLC boosted its stake in TJX Companies by 55.1% in 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 purchasing an additional 12,247 shares during the period. Board of the Pension Protection Fund bought a new position in TJX Companies in the 4th quarter worth about $713,000. Miracle Mile Advisors LLC boosted its stake in 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 worth $2,549,000 after purchasing an additional 6,344 shares during the period. Finally, Nordea Investment Management AB boosted its stake in TJX Companies by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock worth $850,428,000 after purchasing an additional 827,103 shares during the period. 91.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on TJX shares. Wells Fargo & Company raised their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Jefferies Financial Group raised their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley raised their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. UBS Group raised their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Guggenheim raised their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.67.

TJX Companies Price Performance

TJX opened at $126.09 on Friday. The stock’s 50 day simple moving average is $123.25 and its 200 day simple moving average is $118.18. 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 TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The firm has a market cap of $141.74 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 3.04 and a beta of 0.91.

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

TJX Companies Dividend Announcement

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 given a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio is currently 35.29%.

TJX Companies Company 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.