1,665 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by Sterling Investment Counsel LLC

Sterling Investment Counsel LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,665 shares of the apparel and home fashions retailer’s stock, valued at approximately $201,000.

Several other institutional investors have also modified their holdings of the company. First Trust Direct Indexing L.P. raised its stake in TJX Companies by 12.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after acquiring an additional 5,207 shares in the last quarter. Courier Capital LLC lifted its holdings in TJX Companies by 55.1% in the 4th quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock valued at $4,166,000 after acquiring an additional 12,247 shares during the last quarter. Board of the Pension Protection Fund bought a new position in shares of TJX Companies during the 4th quarter valued at about $713,000. Miracle Mile Advisors LLC grew its position in TJX Companies by 43.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock worth $2,549,000 after buying an additional 6,344 shares during the last quarter. Finally, Unigestion Holding SA acquired a new stake in shares of TJX Companies during the third quarter worth $22,684,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 1.8 %

Shares of TJX opened at $124.89 on Tuesday. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The stock has a market cap of $140.39 billion, a price-to-earnings ratio of 29.38, a P/E/G ratio of 3.00 and a beta of 0.91. The company has a 50-day moving average price of $122.84 and a two-hundred day moving average price of $117.94. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is presently 35.29%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TJX shares. UBS Group lifted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Robert W. Baird boosted their price target on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Wells Fargo & Company lifted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Evercore ISI upped their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.67.

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.