Graypoint LLC Buys 334 Shares of The TJX Companies, Inc. (NYSE:TJX)

Graypoint LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,686 shares of the apparel and home fashions retailer’s stock after purchasing an additional 334 shares during the quarter. Graypoint LLC’s holdings in TJX Companies were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. LPL Financial LLC lifted its position in TJX Companies by 0.4% in the 2nd quarter. LPL Financial LLC now owns 842,405 shares of the apparel and home fashions retailer’s stock valued at $92,749,000 after acquiring an additional 3,339 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new position in TJX Companies in the 2nd quarter valued at approximately $1,264,000. Eagle Strategies LLC bought a new position in TJX Companies in the 2nd quarter valued at approximately $209,000. D Orazio & Associates Inc. bought a new position in TJX Companies in the 2nd quarter valued at approximately $210,000. Finally, Oppenheimer & Co. Inc. lifted its position in TJX Companies by 10.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 105,372 shares of the apparel and home fashions retailer’s stock valued at $11,601,000 after acquiring an additional 9,543 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TJX has been the topic of several analyst reports. Jefferies Financial Group upped their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird boosted their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. 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 research note on Saturday, November 30th. Finally, UBS Group boosted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.33.

TJX Companies Trading Down 1.4 %

Shares of TJX stock opened at $120.00 on Friday. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. 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 firm has a market capitalization of $134.90 billion, a PE ratio of 28.24, a PEG ratio of 3.07 and a beta of 0.91. The stock has a fifty day simple moving average of $122.06 and a two-hundred day simple moving average of $117.12.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping 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 business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the prior year, the business posted $1.03 EPS. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. 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.