Adero Partners LLC Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

Adero Partners LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.1% during the 4th quarter, HoldingsChannel reports. The fund owned 3,435 shares of the apparel and home fashions retailer’s stock after acquiring an additional 229 shares during the quarter. Adero Partners LLC’s holdings in TJX Companies were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of TJX. Czech National Bank raised its stake in shares of TJX Companies by 6.7% in the third quarter. Czech National Bank now owns 230,223 shares of the apparel and home fashions retailer’s stock worth $27,060,000 after buying an additional 14,413 shares during the period. Callan Family Office LLC purchased a new stake in TJX Companies in the 3rd quarter worth approximately $289,000. Alpha Cubed Investments LLC raised its stake in TJX Companies by 27.4% during the 3rd quarter. Alpha Cubed Investments LLC now owns 2,485 shares of the apparel and home fashions retailer’s stock worth $292,000 after acquiring an additional 535 shares during the period. Evanson Asset Management LLC purchased a new position in TJX Companies during the third quarter valued at approximately $258,000. Finally, Atomi Financial Group Inc. lifted its holdings in TJX Companies by 10.6% during the third quarter. Atomi Financial Group Inc. now owns 9,139 shares of the apparel and home fashions retailer’s stock valued at $1,074,000 after purchasing an additional 875 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TJX shares. Guggenheim increased their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Evercore ISI increased their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. TD Cowen increased their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Jefferies Financial Group lifted their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Price Performance

TJX stock opened at $125.53 on Thursday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The firm has a market capitalization of $141.11 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91. The company has a fifty day simple moving average of $123.29 and a two-hundred day simple moving average of $118.49. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, February 13th. 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.