Peak Financial Management Inc. Acquires 725 Shares of The TJX Companies, Inc. (NYSE:TJX)

Peak Financial Management Inc. boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 27.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,366 shares of the apparel and home fashions retailer’s stock after acquiring an additional 725 shares during the quarter. Peak Financial Management Inc.’s holdings in TJX Companies were worth $407,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TJX. Kathmere Capital Management LLC bought a new stake in TJX Companies during the 2nd quarter worth $214,000. SkyView Investment Advisors LLC boosted its stake in shares of TJX Companies by 23.4% during the second quarter. SkyView Investment Advisors LLC now owns 11,326 shares of the apparel and home fashions retailer’s stock valued at $1,247,000 after purchasing an additional 2,144 shares in the last quarter. Ascent Group LLC grew its holdings in shares of TJX Companies by 6.5% during the second quarter. Ascent Group LLC now owns 48,992 shares of the apparel and home fashions retailer’s stock worth $5,394,000 after purchasing an additional 3,003 shares during the last quarter. Algert Global LLC increased 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 valued at $507,000 after buying an additional 1,240 shares during the period. Finally, Creative Planning raised its holdings in TJX Companies by 3.9% in the 2nd quarter. Creative Planning now owns 306,771 shares of the apparel and home fashions retailer’s stock valued at $33,775,000 after buying an additional 11,374 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Morgan Stanley raised their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft upped their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Evercore ISI raised their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average target price of $131.67.

TJX Companies Trading Up 0.0 %

NYSE:TJX opened at $122.61 on Monday. The firm has a fifty day simple moving average of $122.84 and a two-hundred day simple moving average of $117.90. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The stock has a market capitalization of $137.83 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 3.00 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS 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. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio 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.