Longboard Asset Management LP Buys New Position in The TJX Companies, Inc. (NYSE:TJX)

Longboard Asset Management LP purchased a new position in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,359 shares of the apparel and home fashions retailer’s stock, valued at approximately $285,000. TJX Companies accounts for about 0.8% of Longboard Asset Management LP’s portfolio, making the stock its 2nd biggest position.

Several other large investors have also added to or reduced their stakes in TJX. Algert Global LLC lifted its stake in shares of TJX Companies by 36.8% in the 2nd quarter. Algert Global LLC now owns 4,608 shares of the apparel and home fashions retailer’s stock valued at $507,000 after purchasing an additional 1,240 shares during the period. Czech National Bank raised its holdings in TJX Companies by 6.7% in the third quarter. Czech National Bank now owns 230,223 shares of the apparel and home fashions retailer’s stock worth $27,060,000 after purchasing an additional 14,413 shares in the last quarter. GAMMA Investing LLC lifted its position in TJX Companies by 40.7% during the third quarter. GAMMA Investing LLC now owns 18,152 shares of the apparel and home fashions retailer’s stock valued at $2,134,000 after buying an additional 5,251 shares during the period. Diversified Trust Co boosted its holdings in shares of TJX Companies by 18.6% during the 3rd quarter. Diversified Trust Co now owns 21,505 shares of the apparel and home fashions retailer’s stock valued at $2,528,000 after buying an additional 3,375 shares in the last quarter. Finally, Miracle Mile Advisors LLC grew its position in shares of TJX Companies by 21.9% in the 3rd quarter. Miracle Mile Advisors LLC now owns 14,758 shares of the apparel and home fashions retailer’s stock worth $1,735,000 after buying an additional 2,654 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TJX shares. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. Jefferies Financial Group lifted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. UBS Group boosted their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Morgan Stanley boosted their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $131.67.

TJX Companies Price Performance

TJX opened at $124.31 on Tuesday. The company’s 50-day simple moving average is $123.32 and its two-hundred day simple moving average is $118.31. 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 stock has a market capitalization of $139.74 billion, a P/E ratio of 29.25, a P/E/G ratio of 3.05 and a beta of 0.91. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is currently 35.29%.

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.