Bowman & Co S.C. Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Bowman & Co S.C. lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 12.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,952 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,571 shares during the period. Bowman & Co S.C.’s holdings in TJX Companies were worth $1,685,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies during the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies during the third quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies during the third quarter valued at approximately $29,000. Copeland Capital Management LLC purchased a new stake in TJX Companies during the third quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC purchased a new stake in TJX Companies during the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX opened at $121.89 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market cap of $137.03 billion, a price-to-earnings ratio of 28.68, a PEG 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 simple moving average is $122.56 and its two-hundred day simple moving average is $117.46.

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 (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared 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 annualized dividend 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%.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Guggenheim raised their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Jefferies Financial Group raised their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Evercore ISI raised their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.33.

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.