Armstrong Advisory Group Inc. Purchases 215 Shares of The TJX Companies, Inc. (NYSE:TJX)

Armstrong Advisory Group Inc. increased its position in The TJX Companies, Inc. (NYSE:TJX) by 0.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 32,023 shares of the apparel and home fashions retailer’s stock after acquiring an additional 215 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in TJX Companies were worth $3,869,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. First Trust Direct Indexing L.P. lifted its position in shares of TJX Companies by 12.4% during the third 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 acquiring an additional 5,207 shares in the last quarter. Courier Capital LLC raised its stake 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 purchasing an additional 12,247 shares during the period. Unigestion Holding SA purchased a new stake in TJX Companies during the 3rd quarter worth about $22,684,000. Nordea Investment Management AB boosted its stake in TJX Companies by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock worth $850,428,000 after purchasing an additional 827,103 shares during the period. Finally, Miracle Mile Advisors LLC grew its holdings in TJX Companies by 43.0% during the 4th 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. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TJX shares. Guggenheim increased their price target 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. Wells Fargo & Company increased their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Jefferies Financial Group boosted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft increased their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Robert W. Baird boosted their target price on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies Stock Performance

NYSE TJX opened at $119.10 on Thursday. The company has a 50-day simple moving average of $122.32 and a two-hundred day simple moving average of $117.34. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The firm has a market cap of $133.89 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 2.94 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the company posted $1.03 EPS. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current 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 paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.26%. 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.