Trivant Custom Portfolio Group LLC Invests $26,000 in The TJX Companies, Inc. (NYSE:TJX)

Trivant Custom Portfolio Group LLC purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 215 shares of the apparel and home fashions retailer’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies during the third quarter worth $29,000. Truvestments Capital LLC purchased a new position in TJX Companies during the third quarter valued at approximately $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies during the 3rd quarter worth approximately $30,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the 3rd quarter worth approximately $30,000. Finally, Northwest Investment Counselors LLC bought a new position in TJX Companies in the 3rd quarter valued at $37,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Up 0.4 %

Shares of NYSE TJX opened at $121.89 on Friday. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm has a 50-day moving average of $122.48 and a 200 day moving average of $117.38. The stock has a market cap of $137.03 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 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 firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TJX shares. UBS Group increased their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Guggenheim upped their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Robert W. Baird lifted their price objective on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Three research 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 currently has a consensus rating of “Moderate Buy” and an average price target 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.