Elefante Mark B Acquires 4,900 Shares of The TJX Companies, Inc. $TJX

Elefante Mark B grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 14.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,650 shares of the apparel and home fashions retailer’s stock after buying an additional 4,900 shares during the period. TJX Companies makes up 3.6% of Elefante Mark B’s investment portfolio, making the stock its 9th largest holding. Elefante Mark B’s holdings in TJX Companies were worth $5,586,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TJX. High Note Wealth LLC raised its holdings in shares of TJX Companies by 12.1% during the third quarter. High Note Wealth LLC now owns 667 shares of the apparel and home fashions retailer’s stock valued at $96,000 after purchasing an additional 72 shares during the period. Valley National Advisers Inc. grew its stake in shares of TJX Companies by 2.3% in the 3rd quarter. Valley National Advisers Inc. now owns 3,271 shares of the apparel and home fashions retailer’s stock valued at $472,000 after buying an additional 73 shares during the period. Webster Bank N. A. increased its position in TJX Companies by 1.6% in the 3rd quarter. Webster Bank N. A. now owns 4,574 shares of the apparel and home fashions retailer’s stock valued at $661,000 after buying an additional 73 shares in the last quarter. REAP Financial Group LLC increased its position in TJX Companies by 12.1% in the 3rd quarter. REAP Financial Group LLC now owns 676 shares of the apparel and home fashions retailer’s stock valued at $98,000 after buying an additional 73 shares in the last quarter. Finally, Banco de Sabadell S.A raised its stake in TJX Companies by 0.4% during the 2nd quarter. Banco de Sabadell S.A now owns 20,951 shares of the apparel and home fashions retailer’s stock worth $2,587,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Telsey Advisory Group reissued an “outperform” rating and issued a $170.00 price objective on shares of TJX Companies in a research note on Wednesday. UBS Group reiterated a “buy” rating and issued a $193.00 target price (up from $181.00) on shares of TJX Companies in a report on Thursday, January 8th. Barclays set a $172.00 price target on shares of TJX Companies and gave the company an “overweight” rating in a research report on Thursday, December 4th. Wells Fargo & Company restated a “positive” rating and set a $150.00 price target (up previously from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $163.86.

TJX Companies Trading Down 0.5%

Shares of TJX Companies stock opened at $156.50 on Friday. The company has a market capitalization of $173.79 billion, a P/E ratio of 34.55, a price-to-earnings-growth ratio of 3.01 and a beta of 0.74. The stock has a fifty day simple moving average of $154.58 and a 200 day simple moving average of $146.47. The TJX Companies, Inc. has a 12-month low of $112.10 and a 12-month high of $159.48. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The firm had revenue of $15.12 billion for the quarter, compared to the consensus estimate of $14.80 billion. During the same period in the previous year, the firm earned $1.14 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, February 12th. This represents a $1.70 annualized dividend and a yield of 1.1%. TJX Companies’s payout ratio is 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.