James Hambro & Partners LLP Raises Position in The TJX Companies, Inc. (NYSE:TJX)

James Hambro & Partners LLP lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 778,544 shares of the apparel and home fashions retailer’s stock after purchasing an additional 16,077 shares during the period. TJX Companies accounts for approximately 3.7% of James Hambro & Partners LLP’s holdings, making the stock its 17th largest position. James Hambro & Partners LLP owned about 0.07% of TJX Companies worth $94,052,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kathmere Capital Management LLC purchased a new position in shares of TJX Companies in the second quarter valued at about $214,000. SkyView Investment Advisors LLC raised its stake in TJX Companies by 23.4% during the 2nd quarter. SkyView Investment Advisors LLC now owns 11,326 shares of the apparel and home fashions retailer’s stock valued at $1,247,000 after purchasing an additional 2,144 shares during the period. Ascent Group LLC lifted its holdings in TJX Companies by 6.5% in the 2nd quarter. Ascent Group LLC now owns 48,992 shares of the apparel and home fashions retailer’s stock worth $5,394,000 after purchasing an additional 3,003 shares in the last quarter. Algert Global LLC boosted its stake in TJX Companies by 36.8% in the 2nd quarter. Algert Global LLC now owns 4,608 shares of the apparel and home fashions retailer’s stock worth $507,000 after purchasing an additional 1,240 shares during the period. Finally, Creative Planning grew its holdings in TJX Companies by 3.9% during the 2nd quarter. Creative Planning now owns 306,771 shares of the apparel and home fashions retailer’s stock valued at $33,775,000 after buying an additional 11,374 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

TJX opened at $122.61 on Monday. 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 business has a fifty day moving average of $122.84 and a 200 day moving average of $117.94. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The stock has a market cap of $137.83 billion, a P/E ratio of 28.85, a PEG ratio of 3.00 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its quarterly 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. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Telsey Advisory Group restated an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Evercore ISI increased their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. TD Cowen lifted their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Morgan Stanley increased their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Finally, UBS Group lifted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. 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, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $131.67.

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.