Childress Capital Advisors LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,197 shares of the apparel and home fashions retailer’s stock, valued at approximately $82,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Beech Hill Advisors Inc. purchased a new stake in shares of The TJX Companies in the fourth quarter valued at about $2,232,000. Sei Investments Co. boosted its holdings in shares of The TJX Companies by 9.7% in the fourth quarter. Sei Investments Co. now owns 2,128,595 shares of the apparel and home fashions retailer’s stock valued at $145,401,000 after acquiring an additional 188,388 shares in the last quarter. Chiron Investment Management LLC purchased a new stake in shares of The TJX Companies in the third quarter valued at about $9,248,000. TIAA FSB boosted its holdings in shares of The TJX Companies by 1.9% in the fourth quarter. TIAA FSB now owns 184,138 shares of the apparel and home fashions retailer’s stock valued at $12,574,000 after acquiring an additional 3,366 shares in the last quarter. Finally, Dearborn Partners LLC purchased a new stake in shares of The TJX Companies in the fourth quarter valued at about $228,000. Institutional investors own 88.81% of the company’s stock.
In other news, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 9th. The shares were sold at an average price of $66.78, for a total value of $100,170.00. Following the completion of the transaction, the director now owns 28,311 shares of the company’s stock, valued at $1,890,608.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.
NYSE:TJX opened at $67.78 on Thursday. The firm has a 50 day simple moving average of $66.34 and a 200-day simple moving average of $63.35. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.41 and a quick ratio of 0.99. The firm has a market cap of $81.38 billion, a PE ratio of 112.97, a P/E/G ratio of 14.77 and a beta of 0.93. The TJX Companies, Inc. has a 1-year low of $42.52 and a 1-year high of $71.06.
The TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, February 23rd. The apparel and home fashions retailer reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.12). The firm had revenue of $10.94 billion during the quarter, compared to analyst estimates of $11.42 billion. The TJX Companies had a net margin of 2.24% and a return on equity of 14.34%. During the same period in the prior year, the firm earned $0.81 EPS. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 0.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 3rd. Stockholders of record on Thursday, May 13th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Wednesday, May 12th. The TJX Companies’s dividend payout ratio is presently 38.95%.
Several analysts have recently weighed in on TJX shares. Guggenheim lifted their target price on shares of The TJX Companies from $70.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, December 30th. Royal Bank of Canada reissued a “buy” rating on shares of The TJX Companies in a report on Tuesday, January 19th. William Blair reissued an “outperform” rating on shares of The TJX Companies in a report on Wednesday, March 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of The TJX Companies from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, February 25th. Finally, Morgan Stanley boosted their price objective on shares of The TJX Companies from $70.00 to $76.00 and gave the stock an “overweight” rating in a report on Wednesday, January 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $69.20.
The TJX Companies Company Profile
The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; fine jewelry and accessories; and other merchandise.
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