GAMMA Investing LLC Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

GAMMA Investing LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,965 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,813 shares during the quarter. GAMMA Investing LLC’s holdings in TJX Companies were worth $2,412,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TJX. Capital Performance Advisors LLP acquired a new position in TJX Companies in the 3rd quarter worth approximately $29,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies in the 3rd quarter valued at $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies in the third quarter worth $30,000. Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies during the third quarter worth $30,000. Finally, Northwest Investment Counselors LLC acquired a new position in TJX Companies during the third quarter valued at $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 0.3 %

Shares of TJX Companies stock opened at $121.15 on Friday. The TJX Companies, Inc. has a twelve month low of $91.31 and a twelve month high of $128.00. The firm’s 50-day moving average price is $121.17 and its 200 day moving average price is $116.68. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $136.19 billion, a PE ratio of 28.51, a P/E/G ratio of 3.07 and a beta of 0.90.

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 for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the business posted $1.03 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Robert W. Baird increased their price target on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Jefferies Financial Group raised their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen lifted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $130.89.

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.