Canvas Wealth Advisors LLC Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Canvas Wealth Advisors LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,908 shares of the apparel and home fashions retailer’s stock after acquiring an additional 171 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in TJX Companies were worth $231,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TJX. State Street Corp raised its holdings in shares of TJX Companies by 1.0% in the third quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock worth $5,589,783,000 after buying an additional 469,287 shares during the last quarter. Geode Capital Management LLC raised its stake in TJX Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock worth $2,795,121,000 after acquiring an additional 363,707 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in TJX Companies by 7.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock worth $1,079,319,000 after acquiring an additional 643,833 shares during the period. Franklin Resources Inc. grew its stake in TJX Companies by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock valued at $837,951,000 after purchasing an additional 657,529 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of TJX Companies by 13.3% in the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock valued at $850,428,000 after purchasing an additional 827,103 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 1.2 %

TJX stock opened at $124.64 on Monday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The business’s 50-day moving average is $123.25 and its 200 day moving average is $118.70. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market cap of $140.11 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 2.82 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Evercore ISI increased their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Morgan Stanley boosted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

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.