The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Invesco LLC

Invesco LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,934 shares of the apparel and home fashions retailer’s stock after acquiring an additional 315 shares during the quarter. Invesco LLC’s holdings in TJX Companies were worth $717,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TJX. First Trust Direct Indexing L.P. raised its holdings in TJX Companies by 12.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after buying an additional 5,207 shares during the period. Courier Capital LLC raised its holdings in TJX Companies by 55.1% during the fourth 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 stake in TJX Companies during the fourth quarter worth approximately $713,000. Miracle Mile Advisors LLC lifted its stake in shares of 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 worth $2,549,000 after buying an additional 6,344 shares during the last quarter. Finally, Unigestion Holding SA acquired a new stake in shares of TJX Companies in the third quarter valued at about $22,684,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Up 0.2 %

NYSE TJX traded up $0.30 during trading hours on Wednesday, reaching $124.64. 209,906 shares of the company’s stock were exchanged, compared to its average volume of 4,207,045. The company has a market capitalization of $140.12 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company’s 50-day moving average is $123.04 and its two-hundred day moving average is $118.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last posted 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 firm had revenue of $14.06 billion during 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%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. On average, analysts forecast 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 $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

TJX has been the subject of several research reports. Guggenheim increased their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Evercore ISI increased their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Robert W. Baird lifted their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Three investment 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, the company has a consensus rating of “Moderate Buy” and an average price target of $131.67.

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.