Raub Brock Capital Management LP Has $17.87 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Raub Brock Capital Management LP raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 147,904 shares of the apparel and home fashions retailer’s stock after buying an additional 1,711 shares during the period. TJX Companies accounts for about 3.8% of Raub Brock Capital Management LP’s portfolio, making the stock its 16th largest holding. Raub Brock Capital Management LP’s holdings in TJX Companies were worth $17,868,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Ameriprise Financial Inc. increased its holdings in TJX Companies by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after buying an additional 3,063,318 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of TJX Companies by 13,309.4% in the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after acquiring an additional 1,182,272 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of TJX Companies by 161.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock worth $210,003,000 after purchasing an additional 1,102,912 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of TJX Companies by 281.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock valued at $145,166,000 after purchasing an additional 911,351 shares during the period. Finally, Canoe Financial LP lifted its stake in TJX Companies by 564.0% in the 4th quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer’s stock valued at $128,568,000 after purchasing an additional 903,939 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TJX shares. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Guggenheim raised their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Evercore ISI upped their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $131.33.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $121.89 on Friday. The firm has a market cap of $137.03 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The firm’s fifty day moving average is $122.56 and its 200-day moving average is $117.46. 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 released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS 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 firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the company posted $1.03 EPS. The business’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders 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 dividend yield of 1.23%. The ex-dividend date 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.