Nvest Financial LLC Purchases 2,251 Shares of The TJX Companies, Inc. (NYSE:TJX)

Nvest Financial LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 10.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 23,126 shares of the apparel and home fashions retailer’s stock after buying an additional 2,251 shares during the period. TJX Companies makes up 1.4% of Nvest Financial LLC’s holdings, making the stock its 21st biggest holding. Nvest Financial LLC’s holdings in TJX Companies were worth $2,794,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TJX. Algert Global LLC boosted its stake in shares of TJX Companies by 36.8% in the 2nd quarter. Algert Global LLC now owns 4,608 shares of the apparel and home fashions retailer’s stock valued at $507,000 after purchasing an additional 1,240 shares during the last quarter. NewEdge Advisors LLC boosted its stake in TJX Companies by 35.5% in the second quarter. NewEdge Advisors LLC now owns 83,725 shares of the apparel and home fashions retailer’s stock valued at $9,218,000 after acquiring an additional 21,937 shares during the last quarter. Advisory Alpha LLC grew its holdings in TJX Companies by 19.9% during the 2nd quarter. Advisory Alpha LLC now owns 3,353 shares of the apparel and home fashions retailer’s stock worth $369,000 after acquiring an additional 556 shares during the period. Ted Buchan & Co bought a new stake in shares of TJX Companies during the 2nd quarter valued at $221,000. Finally, Graham Capital Wealth Management LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at $204,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TJX has been the topic of a number of recent analyst reports. Evercore ISI raised their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Guggenheim increased their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Morgan Stanley raised their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.67.

TJX Companies Stock Performance

NYSE TJX opened at $124.38 on Wednesday. The firm’s fifty day moving average price is $123.04 and its two-hundred day moving average price is $118.08. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The firm has a market capitalization of $139.82 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 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. The business 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%. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.21%. TJX Companies’s dividend payout ratio 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.