Raleigh Capital Management Inc. Acquires 1,745 Shares of The TJX Companies, Inc. (NYSE:TJX)

Raleigh Capital Management Inc. grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 88.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,712 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,745 shares during the quarter. Raleigh Capital Management Inc.’s holdings in TJX Companies were worth $448,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. True North Advisors LLC grew its holdings in shares of TJX Companies by 79.4% in the 4th quarter. True North Advisors LLC now owns 4,074 shares of the apparel and home fashions retailer’s stock valued at $492,000 after buying an additional 1,803 shares during the period. Baker Ellis Asset Management LLC grew its position in shares of TJX Companies by 39.8% in the 4th quarter. Baker Ellis Asset Management LLC now owns 3,795 shares of the apparel and home fashions retailer’s stock valued at $458,000 after purchasing an additional 1,080 shares during the period. Phillips Wealth Planners LLC increased its stake in TJX Companies by 34.8% during the 4th quarter. Phillips Wealth Planners LLC now owns 5,842 shares of the apparel and home fashions retailer’s stock worth $701,000 after purchasing an additional 1,507 shares in the last quarter. Dupont Capital Management Corp raised its holdings in TJX Companies by 21.5% during the 4th quarter. Dupont Capital Management Corp now owns 122,048 shares of the apparel and home fashions retailer’s stock worth $14,745,000 after buying an additional 21,609 shares during the period. Finally, Daymark Wealth Partners LLC lifted its stake in TJX Companies by 0.7% in the fourth quarter. Daymark Wealth Partners LLC now owns 18,356 shares of the apparel and home fashions retailer’s stock valued at $2,218,000 after buying an additional 130 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the topic of a number of research analyst reports. 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. Jefferies Financial Group lifted their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley upped their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday. Robert W. Baird lifted their target price on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company upped their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Trading Down 0.6 %

Shares of NYSE:TJX opened at $122.56 on Thursday. The company has a 50-day simple moving average of $122.73 and a 200 day simple moving average of $117.75. The company has a market capitalization of $137.77 billion, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 3.02 and a beta of 0.91. 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 TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00.

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, topping the consensus estimate 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 the consensus estimate of $13.95 billion. During the same period in the previous year, the company posted $1.03 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is presently 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.