Asio Capital LLC Raises Position in The TJX Companies, Inc. (NYSE:TJX)

Asio Capital LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,778 shares of the apparel and home fashions retailer’s stock after acquiring an additional 100 shares during the quarter. Asio Capital LLC’s holdings in TJX Companies were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of TJX. First Trust Direct Indexing L.P. increased its position in shares of TJX Companies by 12.4% in the 3rd 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 purchasing an additional 5,207 shares during the last quarter. Courier Capital LLC grew its stake in shares of TJX Companies by 55.1% during the fourth quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock worth $4,166,000 after purchasing an additional 12,247 shares in the last quarter. Board of the Pension Protection Fund acquired a new stake in TJX Companies in the fourth quarter valued at $713,000. Miracle Mile Advisors LLC raised its stake in TJX Companies by 43.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock valued at $2,549,000 after buying an additional 6,344 shares in the last quarter. Finally, Unigestion Holding SA purchased a new stake in TJX Companies during the 3rd quarter worth about $22,684,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Guggenheim raised their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird raised their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Finally, UBS Group upped their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Price Performance

Shares of NYSE TJX opened at $122.61 on Friday. 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 company has a market cap of $137.83 billion, a PE ratio of 28.85, a P/E/G ratio of 3.00 and a beta of 0.91. The stock has a fifty day moving average price of $122.84 and a 200 day moving average price of $117.86. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00.

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 the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for 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 business’s quarterly 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 earnings per share. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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

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.