Meyer Handelman Co. purchased a new position in The TJX Companies, Inc. (NYSE:TJX) during the first quarter, HoldingsChannel reports. The fund purchased 16,725 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,106,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brand Asset Management Group Inc. acquired a new stake in shares of The TJX Companies in the 1st quarter worth approximately $26,000. Grant Street Asset Management Inc. acquired a new stake in The TJX Companies during the 4th quarter valued at $27,000. JJJ Advisors Inc. grew its holdings in The TJX Companies by 4,522.2% during the 4th quarter. JJJ Advisors Inc. now owns 416 shares of the apparel and home fashions retailer’s stock valued at $28,000 after buying an additional 407 shares during the last quarter. JNBA Financial Advisors grew its holdings in The TJX Companies by 430.0% during the 4th quarter. JNBA Financial Advisors now owns 424 shares of the apparel and home fashions retailer’s stock valued at $29,000 after buying an additional 344 shares during the last quarter. Finally, Concord Wealth Partners acquired a new stake in The TJX Companies during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 88.81% of the company’s stock.
A number of equities research analysts have commented on the company. Morgan Stanley increased their target price on The TJX Companies from $70.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday, January 20th. William Blair reiterated an “outperform” rating on shares of The TJX Companies in a report on Wednesday, March 24th. Zacks Investment Research upgraded The TJX Companies from a “strong sell” rating to a “hold” rating and set a $73.00 target price on the stock in a report on Tuesday, April 27th. Wells Fargo & Company lowered their target price on The TJX Companies from $84.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday, March 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on The TJX Companies from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, February 25th. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $69.92.
TJX opened at $72.01 on Wednesday. The business’s 50 day moving average is $68.92 and its 200-day moving average is $65.77. The stock has a market cap of $86.84 billion, a PE ratio of 120.02, a price-to-earnings-growth ratio of 14.77 and a beta of 0.93. The company has a current ratio of 1.41, a quick ratio of 0.99 and a debt-to-equity ratio of 0.98. The TJX Companies, Inc. has a twelve month low of $42.52 and a twelve month high of $74.65.
The TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, February 23rd. The apparel and home fashions retailer reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.12). The business had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $11.42 billion. The TJX Companies had a net margin of 2.24% and a return on equity of 14.34%. During the same period last year, the firm posted $0.81 EPS. As a group, analysts forecast that The TJX Companies, Inc. will post 0.44 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 3rd. Investors of record on Thursday, May 13th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, May 12th. This represents a $1.04 annualized dividend and a yield of 1.44%. The TJX Companies’s payout ratio is 38.95%.
About The TJX Companies
The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; fine jewelry and accessories; and other merchandise.
Further Reading: Calculating net profit and net profit margin ratio
Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX).
Receive News & Ratings for The TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.