Transatlantique Private Wealth LLC Takes $802,000 Position in The TJX Companies, Inc. $TJX

Transatlantique Private Wealth LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,550 shares of the apparel and home fashions retailer’s stock, valued at approximately $802,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TJX. Bank of Nova Scotia lifted its stake in TJX Companies by 129.9% during the second quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock worth $33,319,000 after purchasing an additional 152,453 shares during the last quarter. Empowered Funds LLC lifted its position in TJX Companies by 66.6% in the 2nd quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock worth $9,508,000 after buying an additional 30,779 shares during the last quarter. Rheos Capital Works Inc. boosted its stake in TJX Companies by 26.0% in the third quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock worth $53,480,000 after buying an additional 76,400 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in TJX Companies by 4.9% in the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock worth $24,835,000 after buying an additional 8,006 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. grew its position in TJX Companies by 45.7% during the third quarter. Savoir Faire Capital Management L.P. now owns 81,361 shares of the apparel and home fashions retailer’s stock valued at $11,760,000 after acquiring an additional 25,534 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TJX. Robert W. Baird set a $168.00 target price on shares of TJX Companies in a report on Wednesday, December 17th. Guggenheim raised TJX Companies to a “strong-buy” rating in a research note on Wednesday, December 10th. JPMorgan Chase & Co. increased their target price on TJX Companies from $150.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.00 price target on shares of TJX Companies in a research note on Tuesday, November 11th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $170.00 price objective on shares of TJX Companies in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Buy” and a consensus target price of $163.86.

TJX Companies Price Performance

TJX opened at $158.29 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The company has a market cap of $175.77 billion, a price-to-earnings ratio of 34.94, a price-to-earnings-growth ratio of 3.02 and a beta of 0.74. The stock has a fifty day simple moving average of $154.62 and a two-hundred day simple moving average of $146.90. The TJX Companies, Inc. has a 12-month low of $112.10 and a 12-month high of $159.48.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s dividend payout ratio (DPR) is presently 37.53%.

TJX Companies Company Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.