Consolidated Planning Corp Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Consolidated Planning Corp increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,759 shares of the apparel and home fashions retailer’s stock after purchasing an additional 831 shares during the period. Consolidated Planning Corp’s holdings in TJX Companies were worth $3,958,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TJX. Raab & Moskowitz Asset Management LLC boosted its holdings in TJX Companies by 3.2% in the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 105,917 shares of the apparel and home fashions retailer’s stock valued at $12,796,000 after purchasing an additional 3,280 shares in the last quarter. Channing Global Advisors LLC boosted its stake in TJX Companies by 42.6% in the fourth quarter. Channing Global Advisors LLC now owns 13,298 shares of the apparel and home fashions retailer’s stock valued at $1,607,000 after acquiring an additional 3,974 shares in the last quarter. Retirement Guys Formula LLC increased its position in shares of TJX Companies by 9.4% during the fourth quarter. Retirement Guys Formula LLC now owns 7,044 shares of the apparel and home fashions retailer’s stock worth $851,000 after purchasing an additional 607 shares in the last quarter. Avion Wealth lifted its holdings in shares of TJX Companies by 18.0% in the 4th quarter. Avion Wealth now owns 662 shares of the apparel and home fashions retailer’s stock valued at $79,000 after purchasing an additional 101 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of TJX Companies by 67.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 296,305 shares of the apparel and home fashions retailer’s stock valued at $35,897,000 after purchasing an additional 119,396 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX opened at $124.45 on Thursday. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The stock has a market cap of $139.90 billion, a P/E ratio of 29.28, a P/E/G ratio of 2.82 and a beta of 0.91. The stock’s 50 day simple moving average is $123.22 and its 200 day simple moving average is $118.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

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

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Morgan Stanley boosted their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Evercore ISI lifted their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Robert W. Baird boosted their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.53.

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.