Raub Brock Capital Management LP increased its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,904 shares of the apparel and home fashions retailer’s stock after buying an additional 1,711 shares during the quarter. TJX Companies accounts for 3.8% of Raub Brock Capital Management LP’s portfolio, making the stock its 16th biggest holding. Raub Brock Capital Management LP’s holdings in TJX Companies were worth $17,868,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. increased its position in shares of TJX Companies by 12.4% during the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after purchasing an additional 5,207 shares during the period. Courier Capital LLC raised its stake in shares of 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 valued at $4,166,000 after buying an additional 12,247 shares in the last quarter. Board of the Pension Protection Fund bought a new position in shares of TJX Companies during the 4th quarter worth about $713,000. Unigestion Holding SA bought a new stake in TJX Companies in the third quarter valued at about $22,684,000. Finally, Miracle Mile Advisors LLC increased its stake in TJX Companies by 43.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock valued at $2,549,000 after acquiring an additional 6,344 shares during the period. 91.09% of the stock is currently owned by institutional investors.
TJX Companies Trading Up 0.4 %
NYSE:TJX opened at $121.89 on Friday. 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 business’s 50-day simple moving average is $122.56 and its 200-day simple moving average is $117.46. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The stock has a market capitalization of $137.03 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91.
TJX Companies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is 35.29%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on TJX. Evercore ISI upped their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Jefferies Financial Group boosted 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. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Three investment 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 has a consensus rating of “Moderate Buy” and an average target price of $131.33.
Check Out Our Latest Stock Report on TJX
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.
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