Canoe Financial LP Increases Position in The TJX Companies, Inc. (NYSE:TJX)

Canoe Financial LP increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 564.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,064,217 shares of the apparel and home fashions retailer’s stock after purchasing an additional 903,939 shares during the period. TJX Companies makes up 1.9% of Canoe Financial LP’s portfolio, making the stock its 17th largest holding. Canoe Financial LP’s holdings in TJX Companies were worth $128,568,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TJX. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies in the third quarter valued at about $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies during the 3rd quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies during the 3rd quarter worth approximately $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group raised their price objective 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. Guggenheim upped their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. UBS Group lifted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, 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. Three 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 stock has an average rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies Stock Up 0.4 %

TJX opened at $121.89 on Friday. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The business has a 50-day moving average of $122.48 and a two-hundred day moving average of $117.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a market capitalization of $137.03 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

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.