The TJX Companies, Inc. (NYSE:TJX) Stake Raised by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 24.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,217 shares of the apparel and home fashions retailer’s stock after acquiring an additional 835 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in TJX Companies were worth $509,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TJX. Bogart Wealth LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies during the 4th quarter valued at $26,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies during the 3rd quarter valued at $29,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies in the third quarter worth $29,000. Finally, Copeland Capital Management LLC purchased a new stake in shares of TJX Companies during the third quarter worth $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX opened at $125.88 on Friday. 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’s 50 day moving average price is $123.20 and its two-hundred day moving average price is $118.98. The firm has a market capitalization of $141.50 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. 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 quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $1.03 earnings per share. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TJX shares. Robert W. Baird boosted their target price on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Evercore ISI boosted their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Finally, Morgan Stanley raised their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $133.53.

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.