The TJX Companies, Inc. (NYSE:TJX) is Raab & Moskowitz Asset Management LLC’s 6th Largest Position

Raab & Moskowitz Asset Management LLC raised its position in The TJX Companies, Inc. (NYSE:TJX) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,917 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,280 shares during the quarter. TJX Companies accounts for approximately 3.1% of Raab & Moskowitz Asset Management LLC’s portfolio, making the stock its 6th largest position. Raab & Moskowitz Asset Management LLC’s holdings in TJX Companies were worth $12,796,000 at the end of the most recent reporting period.

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

TJX Companies Stock Down 0.2 %

TJX Companies stock opened at $124.45 on Thursday. The stock has a 50-day simple moving average of $123.22 and a 200-day simple moving average of $118.94. The company has a market capitalization of $139.90 billion, a P/E ratio of 29.28, a PEG ratio of 2.82 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00.

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

TJX Companies Dividend Announcement

The firm also recently disclosed 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. This represents a $1.50 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is currently 35.29%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group boosted their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Morgan Stanley raised 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. Evercore ISI boosted 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, Wells Fargo & Company raised their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies 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.