Parcion Private Wealth LLC Buys 792 Shares of The TJX Companies, Inc. (NYSE:TJX)

Parcion Private Wealth LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,200 shares of the apparel and home fashions retailer’s stock after purchasing an additional 792 shares during the period. Parcion Private Wealth LLC’s holdings in TJX Companies were worth $6,427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TJX. Howard Capital Management Group LLC grew its position in TJX Companies by 42.9% in the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after purchasing an additional 69,489 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in TJX Companies in the third quarter valued at $37,000. Copeland Capital Management LLC bought a new position in TJX Companies in the third quarter valued at $30,000. Raleigh Capital Management Inc. grew its position in TJX Companies by 54.0% in the third quarter. Raleigh Capital Management Inc. now owns 1,967 shares of the apparel and home fashions retailer’s stock valued at $231,000 after purchasing an additional 690 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in TJX Companies by 1,283.8% in the third quarter. Foundations Investment Advisors LLC now owns 45,998 shares of the apparel and home fashions retailer’s stock valued at $5,407,000 after acquiring an additional 42,674 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TJX. UBS Group increased their price target 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. Guggenheim increased their price target 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. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Deutsche Bank Aktiengesellschaft increased their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $134.18.

TJX Companies Trading Down 0.3 %

Shares of TJX Companies stock opened at $123.41 on Thursday. The firm has a market capitalization of $138.73 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 2.76 and a beta of 0.91. 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 firm’s 50 day moving average is $123.00 and its 200 day moving average is $119.37. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.

TJX Companies (NYSE:TJX) last posted its 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 net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period last year, the company earned $1.03 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.22%. TJX Companies’s dividend payout ratio is presently 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.