Charter Oak Capital Management LLC Has $308,000 Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Charter Oak Capital Management LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,551 shares of the apparel and home fashions retailer’s stock after buying an additional 97 shares during the quarter. Charter Oak Capital Management LLC’s holdings in TJX Companies were worth $308,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Kathmere Capital Management LLC bought a new stake in TJX Companies in the 2nd quarter valued at about $214,000. Algert Global LLC raised its position in shares of TJX Companies by 36.8% in the second quarter. Algert Global LLC now owns 4,608 shares of the apparel and home fashions retailer’s stock valued at $507,000 after buying an additional 1,240 shares in the last quarter. Creative Planning boosted its stake in shares of TJX Companies by 3.9% in the second quarter. Creative Planning now owns 306,771 shares of the apparel and home fashions retailer’s stock valued at $33,775,000 after buying an additional 11,374 shares during the period. NewEdge Advisors LLC grew its position in TJX Companies by 35.5% during the second quarter. NewEdge Advisors LLC now owns 83,725 shares of the apparel and home fashions retailer’s stock worth $9,218,000 after buying an additional 21,937 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its stake in TJX Companies by 20.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 15,656 shares of the apparel and home fashions retailer’s stock worth $1,724,000 after acquiring an additional 2,634 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $124.89 on Tuesday. The business has a 50-day moving average of $122.84 and a 200-day moving average of $117.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a market capitalization of $140.39 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. TJX Companies’s payout ratio is 35.29%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TJX. Deutsche Bank Aktiengesellschaft upped their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Evercore ISI upped their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Morgan Stanley lifted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

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.