Leavell Investment Management Inc. Raises Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Leavell Investment Management Inc. raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,834 shares of the apparel and home fashions retailer’s stock after buying an additional 403 shares during the period. Leavell Investment Management Inc.’s holdings in TJX Companies were worth $463,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. increased its holdings in TJX Companies by 12.4% in the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after buying an additional 5,207 shares in the last quarter. BLB&B Advisors LLC grew its position in shares of TJX Companies by 2.8% in the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock valued at $9,795,000 after purchasing an additional 2,201 shares during the last quarter. Courier Capital LLC grew its position in shares of TJX Companies by 55.1% in the fourth quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock valued at $4,166,000 after purchasing an additional 12,247 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its position in shares of TJX Companies by 397.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 4,970 shares of the apparel and home fashions retailer’s stock valued at $600,000 after purchasing an additional 3,970 shares during the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $713,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on TJX shares. Robert W. Baird increased their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. 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 report on Thursday, November 21st. Evercore ISI increased their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Finally, Guggenheim raised their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.53.

TJX Companies Stock Up 1.2 %

Shares of TJX opened at $125.88 on Friday. The firm has a market cap of $141.50 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The company’s fifty day moving average is $123.20 and its two-hundred day moving average is $118.98. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders 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 dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

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.