The TJX Companies, Inc. (NYSE:TJX) Stock Position Raised by Oakworth Capital Inc.

Oakworth Capital Inc. lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 5.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,895 shares of the apparel and home fashions retailer’s stock after acquiring an additional 664 shares during the quarter. Oakworth Capital Inc.’s holdings in TJX Companies were worth $1,437,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Czech National Bank lifted its position in TJX Companies by 6.7% in the 3rd quarter. Czech National Bank now owns 230,223 shares of the apparel and home fashions retailer’s stock worth $27,060,000 after buying an additional 14,413 shares in the last quarter. Callan Family Office LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth $289,000. Alpha Cubed Investments LLC increased its stake in shares of TJX Companies by 27.4% during the 3rd quarter. Alpha Cubed Investments LLC now owns 2,485 shares of the apparel and home fashions retailer’s stock worth $292,000 after purchasing an additional 535 shares during the last quarter. Evanson Asset Management LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth $258,000. Finally, Atomi Financial Group Inc. increased its stake in shares of TJX Companies by 10.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 9,139 shares of the apparel and home fashions retailer’s stock worth $1,074,000 after purchasing an additional 875 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TJX shares. Wells Fargo & Company increased their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Robert W. Baird increased their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Evercore ISI increased their price target 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. Guggenheim raised their target price 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. Finally, Jefferies Financial Group raised their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.53.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $125.53 on Thursday. The firm has a fifty day moving average price of $123.27 and a two-hundred day moving average price of $118.53. The company has a market cap of $141.11 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.19%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

TJX Companies Company 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.