The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 14.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,462 shares of the apparel and home fashions retailer’s stock after buying an additional 449 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in TJX Companies were worth $418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Saxon Interests Inc. bought a new stake in TJX Companies during the 4th quarter valued at $273,000. Avanza Fonder AB acquired a new position in shares of TJX Companies during the fourth quarter valued at $13,748,000. Wealthcare Advisory Partners LLC raised its stake in shares of TJX Companies by 0.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 30,712 shares of the apparel and home fashions retailer’s stock valued at $3,710,000 after purchasing an additional 134 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its holdings in TJX Companies by 11.7% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 398,824 shares of the apparel and home fashions retailer’s stock worth $48,150,000 after purchasing an additional 41,916 shares during the period. Finally, Occidental Asset Management LLC lifted its holdings in TJX Companies by 18.6% in the fourth quarter. Occidental Asset Management LLC now owns 2,416 shares of the apparel and home fashions retailer’s stock worth $292,000 after purchasing an additional 379 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on TJX. TD Cowen boosted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft lifted 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, Wells Fargo & Company boosted their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

TJX Companies Trading Up 1.0 %

Shares of TJX Companies stock traded up $1.27 during trading on Friday, hitting $122.65. The stock had a trading volume of 984,525 shares, compared to its average volume of 4,203,794. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $137.88 billion, a PE ratio of 28.86, a P/E/G ratio of 2.94 and a beta of 0.91. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The stock has a 50 day simple moving average of $122.39 and a 200 day simple moving average of $117.35.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s quarterly 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. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed 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 yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 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.