Newbridge Financial Services Group Inc. Has $1.03 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Newbridge Financial Services Group Inc. boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 46.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,554 shares of the apparel and home fashions retailer’s stock after buying an additional 2,723 shares during the period. Newbridge Financial Services Group Inc.’s holdings in TJX Companies were worth $1,033,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC raised its stake in TJX Companies by 29.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 31,498 shares of the apparel and home fashions retailer’s stock valued at $3,805,000 after purchasing an additional 7,109 shares during the last quarter. Quotient Wealth Partners LLC increased its holdings in shares of TJX Companies by 6.6% during the 4th quarter. Quotient Wealth Partners LLC now owns 6,866 shares of the apparel and home fashions retailer’s stock worth $830,000 after purchasing an additional 427 shares during the period. Northeast Investment Management raised its position in shares of TJX Companies by 42.7% during the fourth quarter. Northeast Investment Management now owns 119,393 shares of the apparel and home fashions retailer’s stock valued at $14,424,000 after buying an additional 35,746 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of TJX Companies by 12.1% in the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock valued at $4,130,000 after buying an additional 3,691 shares during the period. Finally, Advisory Resource Group acquired a new stake in TJX Companies during the fourth quarter worth about $315,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $124.64 on Friday. The business has a fifty day moving average of $123.25 and a 200-day moving average of $118.67. The firm has a market cap of $140.11 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. 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 announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Wall Street Analyst Weigh In

Several research firms have commented on TJX. Robert W. Baird upped their price target on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Morgan Stanley boosted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Jefferies Financial Group upped their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $133.53.

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.