Beacon Investment Advisory Services Inc. Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Beacon Investment Advisory Services Inc. lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 218,366 shares of the apparel and home fashions retailer’s stock after buying an additional 1,342 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in TJX Companies were worth $26,381,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Raleigh Capital Management Inc. grew its holdings in TJX Companies by 88.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 3,712 shares of the apparel and home fashions retailer’s stock valued at $448,000 after purchasing an additional 1,745 shares in the last quarter. True North Advisors LLC grew its stake in shares of TJX Companies by 79.4% during the fourth quarter. True North Advisors LLC now owns 4,074 shares of the apparel and home fashions retailer’s stock valued at $492,000 after acquiring an additional 1,803 shares in the last quarter. Baker Ellis Asset Management LLC increased its position in shares of TJX Companies by 39.8% during the fourth quarter. Baker Ellis Asset Management LLC now owns 3,795 shares of the apparel and home fashions retailer’s stock worth $458,000 after acquiring an additional 1,080 shares during the last quarter. Phillips Wealth Planners LLC lifted its stake in shares of TJX Companies by 34.8% in the fourth quarter. Phillips Wealth Planners LLC now owns 5,842 shares of the apparel and home fashions retailer’s stock worth $701,000 after acquiring an additional 1,507 shares in the last quarter. Finally, Dupont Capital Management Corp boosted its holdings in TJX Companies by 21.5% in the fourth quarter. Dupont Capital Management Corp now owns 122,048 shares of the apparel and home fashions retailer’s stock valued at $14,745,000 after purchasing an additional 21,609 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Robert W. Baird lifted their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. UBS Group increased their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, Guggenheim increased their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $122.56 on Thursday. The company has a market cap of $137.77 billion, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 3.02 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. 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’s fifty day moving average is $122.73 and its two-hundred day moving average is $117.75.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.22%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

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.