Blackston Financial Advisory Group LLC Acquires 334 Shares of The TJX Companies, Inc. (NYSE:TJX)

Blackston Financial Advisory Group LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 10.8% during the fourth quarter, HoldingsChannel reports. The fund owned 3,434 shares of the apparel and home fashions retailer’s stock after acquiring an additional 334 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in TJX Companies were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of TJX Companies by 13,309.4% during the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock worth $140,008,000 after purchasing an additional 1,182,272 shares during the period. Provident Trust Co. grew its position in TJX Companies by 71.3% during the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock worth $328,984,000 after buying an additional 1,133,486 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in TJX Companies by 161.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock valued at $210,003,000 after acquiring an additional 1,102,912 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in TJX Companies by 281.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock valued at $145,166,000 after acquiring an additional 911,351 shares during the period. Finally, Canoe Financial LP raised its holdings in TJX Companies by 564.0% in the 4th quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer’s stock valued at $128,568,000 after acquiring an additional 903,939 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Down 1.5 %

Shares of TJX opened at $121.08 on Friday. The business’s 50 day simple moving average is $122.86 and its 200-day simple moving average is $119.48. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company has a market capitalization of $136.11 billion, a P/E ratio of 28.49, a PEG ratio of 2.75 and a beta of 0.91. 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 quarterly earnings data 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 analyst estimates of $13.95 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given 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 yield of 1.24%. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. UBS Group lifted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Robert W. Baird increased 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. TD Cowen lifted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Guggenheim increased their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.18.

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.