Deane Retirement Strategies Inc. Grows Position in The TJX Companies, Inc. (NYSE:TJX)

Deane Retirement Strategies Inc. lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 1.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,993 shares of the apparel and home fashions retailer’s stock after purchasing an additional 434 shares during the period. TJX Companies comprises approximately 1.9% of Deane Retirement Strategies Inc.’s portfolio, making the stock its 21st biggest holding. Deane Retirement Strategies Inc.’s holdings in TJX Companies were worth $3,744,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Algert Global LLC grew its stake in shares of TJX Companies by 36.8% in the second quarter. Algert Global LLC now owns 4,608 shares of the apparel and home fashions retailer’s stock worth $507,000 after purchasing an additional 1,240 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in TJX Companies by 35.5% in the 2nd quarter. NewEdge Advisors LLC now owns 83,725 shares of the apparel and home fashions retailer’s stock worth $9,218,000 after buying an additional 21,937 shares during the period. Advisory Alpha LLC grew its position in shares of TJX Companies by 19.9% in the 2nd quarter. Advisory Alpha LLC now owns 3,353 shares of the apparel and home fashions retailer’s stock worth $369,000 after buying an additional 556 shares during the last quarter. Ted Buchan & Co purchased a new position in shares of TJX Companies during the second quarter valued at approximately $221,000. Finally, Graham Capital Wealth Management LLC bought a new position in shares of TJX Companies during the second quarter valued at approximately $204,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of research analyst reports. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. TD Cowen boosted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Guggenheim raised their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upped their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Robert W. Baird raised their target price on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Trading Down 0.4 %

Shares of NYSE TJX opened at $124.38 on Wednesday. The firm’s 50 day moving average price is $122.94 and its 200-day moving average price is $118.01. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. 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 company has a market cap of $139.82 billion, a PE ratio of 29.27, a P/E/G ratio of 3.00 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) 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 analysts’ expectations 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 period in the prior year, the firm posted $1.03 EPS. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal 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 $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 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.