Smartleaf Asset Management LLC Has $2.39 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Smartleaf Asset Management LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 22.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,766 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,619 shares during the quarter. Smartleaf Asset Management LLC’s holdings in TJX Companies were worth $2,394,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Purkiss Capital Advisors LLC bought a new stake in TJX Companies in the 4th quarter valued at $267,000. Capital Wealth Planning LLC boosted its stake in TJX Companies by 39.1% in the 4th quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer’s stock valued at $441,953,000 after purchasing an additional 1,027,456 shares during the period. Richard W. Paul & Associates LLC boosted its stake in TJX Companies by 476.6% in the 4th quarter. Richard W. Paul & Associates LLC now owns 2,243 shares of the apparel and home fashions retailer’s stock valued at $271,000 after purchasing an additional 1,854 shares during the period. West Michigan Advisors LLC boosted its stake in TJX Companies by 13.7% in the 4th quarter. West Michigan Advisors LLC now owns 4,482 shares of the apparel and home fashions retailer’s stock valued at $541,000 after purchasing an additional 539 shares during the period. Finally, Williamson Legacy Group LLC bought a new stake in TJX Companies in the 4th quarter valued at $438,000. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on TJX shares. Deutsche Bank Aktiengesellschaft boosted their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Robert W. Baird upped their target price on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday. Guggenheim upped their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Price Performance

Shares of TJX opened at $124.79 on Friday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The business has a 50-day simple moving average of $122.98 and a two-hundred day simple moving average of $120.02. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market cap of $140.28 billion, a PE ratio of 29.36, a PEG ratio of 2.75 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued 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 1.20%. TJX Companies’s payout ratio is presently 35.29%.

Insiders Place Their Bets

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

About TJX Companies

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.