The TJX Companies, Inc. (NYSE:TJX) Position Boosted by Meyer Handelman Co.

Meyer Handelman Co. raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,157 shares of the apparel and home fashions retailer’s stock after acquiring an additional 166 shares during the period. Meyer Handelman Co.’s holdings in TJX Companies were worth $22,006,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. First Trust Direct Indexing L.P. increased its holdings 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 grew its position in 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. Unigestion Holding SA acquired a new position in TJX Companies during the 3rd quarter valued at about $22,684,000. Nordea Investment Management AB raised its position in shares of TJX Companies by 13.3% during the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock worth $850,428,000 after buying an additional 827,103 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its stake in shares of TJX Companies by 43.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock worth $2,549,000 after acquiring an additional 6,344 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Evercore ISI lifted their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. TD Cowen lifted their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Wells Fargo & Company boosted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.33.

TJX Companies Trading Down 0.5 %

TJX Companies stock opened at $119.29 on Wednesday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. 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 firm has a market capitalization of $134.10 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 3.07 and a beta of 0.91. The company has a 50 day moving average price of $122.32 and a 200 day moving average price of $117.34.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business 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%. TJX Companies’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 earnings per share. Research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

TJX Companies 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.