Parcion Private Wealth LLC Has $6.43 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Parcion Private Wealth LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.5% during the fourth quarter, Holdings Channel reports. The fund owned 53,200 shares of the apparel and home fashions retailer’s stock after buying an additional 792 shares during the quarter. Parcion Private Wealth LLC’s holdings in TJX Companies were worth $6,427,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TJX. Bogart Wealth LLC acquired a new position in shares of TJX Companies during the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies during the 4th quarter valued at $26,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the 3rd quarter valued at $29,000. Truvestments Capital LLC bought a new stake in TJX Companies during the 3rd quarter valued at $29,000. Finally, Copeland Capital Management LLC bought a new stake in TJX Companies during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Guggenheim boosted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. TD Cowen upped their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Evercore ISI upped their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday. Finally, UBS Group upped their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $134.18.

TJX Companies Price Performance

NYSE TJX opened at $123.41 on Thursday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a market cap of $138.73 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 2.76 and a beta of 0.91. 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 firm’s 50-day simple moving average is $123.00 and its two-hundred day simple moving average is $119.37.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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 $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

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.