The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Empirical Asset Management LLC

Empirical Asset Management LLC lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,497 shares of the apparel and home fashions retailer’s stock after buying an additional 1,363 shares during the period. Empirical Asset Management LLC’s holdings in TJX Companies were worth $2,597,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cvfg LLC acquired a new stake in TJX Companies during the 4th quarter worth approximately $772,000. Fermata Advisors LLC raised its stake in shares of TJX Companies by 8.5% during the fourth quarter. Fermata Advisors LLC now owns 1,933 shares of the apparel and home fashions retailer’s stock worth $234,000 after purchasing an additional 151 shares during the last quarter. Congress Park Capital LLC lifted its holdings in shares of TJX Companies by 4.3% during the fourth quarter. Congress Park Capital LLC now owns 11,167 shares of the apparel and home fashions retailer’s stock worth $1,349,000 after purchasing an additional 459 shares during the period. Ritholtz Wealth Management grew its position in TJX Companies by 7.9% in the 4th quarter. Ritholtz Wealth Management now owns 17,871 shares of the apparel and home fashions retailer’s stock valued at $2,159,000 after buying an additional 1,316 shares during the last quarter. Finally, Carnegie Investment Counsel increased its stake in TJX Companies by 2.6% in the 4th quarter. Carnegie Investment Counsel now owns 208,545 shares of the apparel and home fashions retailer’s stock valued at $25,194,000 after buying an additional 5,193 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.4 %

Shares of NYSE:TJX opened at $121.89 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 company has a market capitalization of $137.03 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The stock’s fifty day simple moving average is $122.48 and its 200-day simple moving average is $117.38.

TJX Companies (NYSE:TJX) last released its quarterly earnings results 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 company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 1.23%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TJX shares. TD Cowen lifted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Jefferies Financial Group lifted their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft increased their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock 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.