Harbor Investment Advisory LLC Has $2.25 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Harbor Investment Advisory LLC lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,644 shares of the apparel and home fashions retailer’s stock after selling 175 shares during the quarter. Harbor Investment Advisory LLC’s holdings in TJX Companies were worth $2,252,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies in the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies in the 3rd quarter valued at $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in TJX Companies during the 3rd quarter worth $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.4 %

TJX opened at $121.89 on Tuesday. The company has a fifty day moving average price of $122.56 and a two-hundred day moving average price of $117.56. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a market cap of $137.03 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 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 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 period in the previous year, the company posted $1.03 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. 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 declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analyst Ratings Changes

A number of brokerages have recently commented on TJX. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Evercore ISI lifted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. 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. Jefferies Financial Group lifted 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. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Three research 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 stock currently has a consensus rating of “Moderate Buy” and an average 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.