Community Financial Services Group LLC Has $2.46 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Community Financial Services Group LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 20,376 shares of the apparel and home fashions retailer’s stock after purchasing an additional 266 shares during the quarter. Community Financial Services Group LLC’s holdings in TJX Companies were worth $2,462,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Trust Direct Indexing L.P. boosted its holdings in shares of TJX Companies by 12.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after buying an additional 5,207 shares during the period. BLB&B Advisors LLC increased its holdings in TJX Companies by 2.8% in the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock valued at $9,795,000 after buying an additional 2,201 shares during the period. Courier Capital LLC boosted its position in shares of TJX Companies by 55.1% during the 4th quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock valued at $4,166,000 after acquiring an additional 12,247 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its position in shares of TJX Companies by 397.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 4,970 shares of the apparel and home fashions retailer’s stock valued at $600,000 after acquiring an additional 3,970 shares in the last quarter. Finally, Board of the Pension Protection Fund bought a new stake in TJX Companies in the fourth quarter valued at about $713,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $124.66 on Wednesday. The company has a market cap of $140.14 billion, a P/E ratio of 29.33, a PEG ratio of 2.82 and a beta of 0.91. The business has a 50-day moving average price of $123.23 and a two-hundred day moving average price of $118.85. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. 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 announced its earnings results 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 company 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%. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is presently 35.29%.

Analysts Set New Price Targets

TJX has been the subject of several recent analyst reports. Evercore ISI raised their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. TD Cowen increased their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Robert W. Baird boosted their price target on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Finally, Morgan Stanley boosted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Two 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 a consensus rating of “Moderate Buy” and an average price target of $133.53.

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.