12,924 Shares in The TJX Companies, Inc. (NYSE:TJX) Purchased by CogentBlue Wealth Advisors LLC

CogentBlue Wealth Advisors LLC purchased a new position in The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 12,924 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,561,000. TJX Companies makes up 1.4% of CogentBlue Wealth Advisors LLC’s holdings, making the stock its 20th largest holding.

A number of other institutional investors also recently bought and sold shares of the business. Howard Capital Management Group LLC grew its holdings in TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after acquiring an additional 69,489 shares during the period. Northwest Investment Counselors LLC purchased a new stake in TJX Companies in the 3rd quarter worth approximately $37,000. Copeland Capital Management LLC purchased a new stake in TJX Companies in the 3rd quarter worth approximately $30,000. Raleigh Capital Management Inc. grew its stake in shares of TJX Companies by 54.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,967 shares of the apparel and home fashions retailer’s stock worth $231,000 after purchasing an additional 690 shares during the period. Finally, Foundations Investment Advisors LLC increased its holdings in shares of TJX Companies by 1,283.8% during the 3rd quarter. Foundations Investment Advisors LLC now owns 45,998 shares of the apparel and home fashions retailer’s stock valued at $5,407,000 after purchasing an additional 42,674 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Wells Fargo & Company raised their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Robert W. Baird upped their price target on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Jefferies Financial Group raised their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Wednesday. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $134.18.

TJX Companies Price Performance

TJX Companies stock opened at $123.41 on Thursday. The company has a fifty day simple moving average of $123.00 and a 200-day simple moving average of $119.37. The firm has a market capitalization of $138.73 billion, a price-to-earnings ratio of 29.04, a PEG 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 TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the prior year, the company earned $1.03 EPS. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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