The TJX Companies, Inc. (NYSE:TJX) Stock Position Increased by Jackson Square Capital LLC

Jackson Square Capital LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 123.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,006 shares of the apparel and home fashions retailer’s stock after purchasing an additional 21,539 shares during the period. TJX Companies makes up approximately 1.1% of Jackson Square Capital LLC’s holdings, making the stock its 25th biggest position. Jackson Square Capital LLC’s holdings in TJX Companies were worth $4,712,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies in the 4th quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new position in TJX Companies during the 3rd quarter worth $29,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies during the 3rd quarter worth $30,000. Truvestments Capital LLC bought a new position in shares of TJX Companies in the third quarter worth $29,000. Finally, Copeland Capital Management LLC acquired a new position in shares of TJX Companies during the third quarter valued at $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. TD Cowen upped their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Wells Fargo & Company upped 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. Evercore ISI increased their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies Trading Up 0.4 %

NYSE:TJX opened at $121.89 on Friday. The stock has a fifty day simple moving average of $122.56 and a 200 day simple moving average of $117.46. The firm 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. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping 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 period last year, the company posted $1.03 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) 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.