Dana Investment Advisors Inc. Has $19.10 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Dana Investment Advisors Inc. raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 158,111 shares of the apparel and home fashions retailer’s stock after purchasing an additional 10,880 shares during the period. Dana Investment Advisors Inc.’s holdings in TJX Companies were worth $19,101,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Howard Capital Management Group LLC boosted its stake in shares of TJX Companies by 42.9% in the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after buying an additional 69,489 shares during the last quarter. Moloney Securities Asset Management LLC boosted its stake in shares of TJX Companies by 20.4% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 6,529 shares of the apparel and home fashions retailer’s stock worth $767,000 after buying an additional 1,108 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of TJX Companies by 2.9% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 5,503 shares of the apparel and home fashions retailer’s stock worth $647,000 after buying an additional 154 shares during the last quarter. Catalina Capital Group LLC boosted its stake in shares of TJX Companies by 3.5% in the 3rd quarter. Catalina Capital Group LLC now owns 9,616 shares of the apparel and home fashions retailer’s stock worth $1,130,000 after buying an additional 326 shares during the last quarter. Finally, Radnor Capital Management LLC purchased a new position in shares of TJX Companies in the 3rd quarter worth approximately $732,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Robert W. Baird boosted their target price on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. TD Cowen boosted their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Barclays boosted their target price on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. Finally, UBS Group upped their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Trading Up 1.1 %

Shares of TJX stock opened at $123.08 on Thursday. The company’s fifty day simple moving average is $122.96 and its two-hundred day simple moving average is $120.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The stock has a market capitalization of $138.36 billion, a price-to-earnings ratio of 28.96, 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, beating analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders 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 annualized dividend and a dividend yield of 1.22%. TJX Companies’s payout ratio is currently 35.21%.

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.