Suncoast Equity Management Increases Position in The TJX Companies, Inc. (NYSE:TJX)

Suncoast Equity Management raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,520 shares of the apparel and home fashions retailer’s stock after purchasing an additional 766 shares during the period. TJX Companies accounts for about 0.5% of Suncoast Equity Management’s holdings, making the stock its 24th largest holding. Suncoast Equity Management’s holdings in TJX Companies were worth $4,412,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TJX. Bogart Wealth LLC bought a new position in TJX Companies in the 4th quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter worth $26,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the 3rd quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the 3rd quarter worth $29,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies during the 3rd quarter worth approximately $30,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Down 0.3 %

Shares of NYSE TJX opened at $123.04 on Friday. The stock has a fifty day moving average price of $122.93 and a 200 day moving average price of $119.40. The company has a market cap of $138.31 billion, a P/E ratio of 28.95, a P/E/G 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 TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 EPS. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.22%. TJX Companies’s payout ratio is currently 35.29%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TJX shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Morgan Stanley raised their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Jefferies Financial Group increased their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Evercore ISI upped their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Telsey Advisory Group reaffirmed 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.18.

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.