The TJX Companies, Inc. (NYSE:TJX) Shares Bought by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.7% in the 4th quarter, HoldingsChannel reports. The fund owned 4,987 shares of the apparel and home fashions retailer’s stock after buying an additional 84 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in TJX Companies were worth $603,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. First Trust Direct Indexing L.P. lifted its stake in TJX Companies by 12.4% during the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after purchasing an additional 5,207 shares during the last quarter. Congress Asset Management Co. raised its holdings in TJX Companies by 1.1% during the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock worth $148,456,000 after purchasing an additional 13,036 shares in the last quarter. BLB&B Advisors LLC lifted its position in shares of TJX Companies by 2.8% during the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock worth $9,795,000 after buying an additional 2,201 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of TJX Companies by 12.1% in the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock valued at $4,130,000 after buying an additional 3,691 shares in the last quarter. Finally, Courier Capital LLC grew its position in shares of 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 buying an additional 12,247 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of 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 50-day moving average price of $123.00 and a 200 day moving average price of $119.37. The company has a market cap of $138.73 billion, a P/E ratio of 29.04, a PEG ratio of 2.78 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.

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, beating the consensus estimate 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 analysts’ expectations of $13.95 billion. During the same period last year, the firm earned $1.03 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TJX shares. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Wednesday. Guggenheim upped their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. UBS Group lifted their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft increased their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Morgan Stanley lifted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.18.

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.