Campbell Newman Asset Management Inc. Has $1.85 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Campbell Newman Asset Management Inc. lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,299 shares of the apparel and home fashions retailer’s stock after selling 224 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in TJX Companies were worth $1,848,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TJX. Laurel Wealth Advisors LLC increased its holdings in shares of TJX Companies by 0.3% during the 4th quarter. Laurel Wealth Advisors LLC now owns 32,501 shares of the apparel and home fashions retailer’s stock worth $3,926,000 after acquiring an additional 100 shares during the last quarter. Clarus Wealth Advisors bought a new position in TJX Companies during the fourth quarter worth $815,000. Park Avenue Securities LLC increased its holdings in shares of TJX Companies by 17.1% in the fourth quarter. Park Avenue Securities LLC now owns 75,213 shares of the apparel and home fashions retailer’s stock valued at $9,087,000 after purchasing an additional 11,007 shares during the last quarter. Kathmere Capital Management LLC raised its position in shares of TJX Companies by 79.2% in the fourth quarter. Kathmere Capital Management LLC now owns 4,518 shares of the apparel and home fashions retailer’s stock valued at $546,000 after purchasing an additional 1,997 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of TJX Companies by 11.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,979,506 shares of the apparel and home fashions retailer’s stock worth $239,144,000 after buying an additional 195,959 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.1 %

TJX traded up $0.15 during mid-day trading on Wednesday, reaching $119.39. 236,379 shares of the stock were exchanged, compared to its average volume of 4,076,217. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a 50 day moving average price of $122.32 and a two-hundred day moving average price of $117.34. The stock has a market capitalization of $134.21 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 3.07 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.

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 business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TJX. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Guggenheim increased their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies Company 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.