Moody Aldrich Partners LLC Invests $203,000 in The TJX Companies, Inc. (NYSE:TJX)

Moody Aldrich Partners LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,677 shares of the apparel and home fashions retailer’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hartford Funds Management Co LLC grew its holdings in shares of TJX Companies by 0.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after purchasing an additional 86 shares during the last quarter. Stablepoint Partners LLC boosted its position in TJX Companies by 0.3% in the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock valued at $3,164,000 after buying an additional 89 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its stake in shares of TJX Companies by 3.4% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock worth $318,000 after buying an additional 90 shares during the last quarter. Hamilton Capital LLC increased its holdings in shares of TJX Companies by 3.9% during the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock worth $273,000 after buying an additional 90 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of TJX Companies by 3.8% in the 3rd quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer’s stock valued at $295,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $124.11 on Thursday. The firm has a 50 day moving average of $123.04 and a 200-day moving average of $118.08. The company has a market cap of $139.52 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 3.00 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 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. 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 company posted $1.03 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.21%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TJX. UBS Group boosted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Morgan Stanley lifted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Evercore ISI upped their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group lifted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

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.