The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Carnegie Investment Counsel

Carnegie Investment Counsel raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 208,545 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,193 shares during the period. Carnegie Investment Counsel’s holdings in TJX Companies were worth $25,194,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. lifted its position in TJX Companies by 1.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 48,572 shares of the apparel and home fashions retailer’s stock valued at $5,868,000 after buying an additional 540 shares during the last quarter. MPS Loria Financial Planners LLC raised its stake in shares of TJX Companies by 25.3% in the 4th quarter. MPS Loria Financial Planners LLC now owns 2,174 shares of the apparel and home fashions retailer’s stock valued at $263,000 after acquiring an additional 439 shares during the period. Flywheel Private Wealth LLC acquired a new position in shares of TJX Companies in the 4th quarter worth approximately $340,000. RMR Wealth Builders lifted its holdings in shares of TJX Companies by 203.0% in the 4th quarter. RMR Wealth Builders now owns 12,347 shares of the apparel and home fashions retailer’s stock worth $1,492,000 after acquiring an additional 8,272 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its position in shares of TJX Companies by 0.7% during the 4th quarter. Armstrong Advisory Group Inc. now owns 32,023 shares of the apparel and home fashions retailer’s stock worth $3,869,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $121.42 on Friday. The stock’s 50-day simple moving average is $122.39 and its 200-day simple moving average is $117.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm has a market capitalization of $136.49 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during 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%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TJX. TD Cowen boosted their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Wells Fargo & Company raised their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Robert W. Baird increased their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

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.