Burney Co. Has $23.19 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Burney Co. lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 191,910 shares of the apparel and home fashions retailer’s stock after selling 6,293 shares during the period. TJX Companies comprises approximately 0.8% of Burney Co.’s investment portfolio, making the stock its 25th largest holding. Burney Co.’s holdings in TJX Companies were worth $23,185,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. One Capital Management LLC increased its holdings in TJX Companies by 27.8% during the second quarter. One Capital Management LLC now owns 3,331 shares of the apparel and home fashions retailer’s stock worth $367,000 after buying an additional 725 shares during the last quarter. Savoir Faire Capital Management L.P. increased its stake in shares of TJX Companies by 50.8% during the 2nd quarter. Savoir Faire Capital Management L.P. now owns 48,000 shares of the apparel and home fashions retailer’s stock worth $5,285,000 after purchasing an additional 16,162 shares during the last quarter. Excalibur Management Corp raised its holdings in shares of TJX Companies by 6.2% in the 2nd quarter. Excalibur Management Corp now owns 10,310 shares of the apparel and home fashions retailer’s stock valued at $1,135,000 after purchasing an additional 598 shares during the period. GDS Wealth Management lifted its stake in TJX Companies by 11.4% in the 2nd quarter. GDS Wealth Management now owns 112,431 shares of the apparel and home fashions retailer’s stock valued at $12,379,000 after purchasing an additional 11,549 shares during the last quarter. Finally, Alpha Financial Partners LLC grew its holdings in TJX Companies by 8.1% during the second quarter. Alpha Financial Partners LLC now owns 4,222 shares of the apparel and home fashions retailer’s stock worth $465,000 after purchasing an additional 316 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. UBS Group lifted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Robert W. Baird raised their target price on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. TD Cowen lifted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Evercore ISI raised their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.33.

TJX Companies Price Performance

Shares of TJX stock opened at $119.06 on Wednesday. The business has a fifty day simple moving average of $122.32 and a 200 day simple moving average of $117.34. The company has a market cap of $133.84 billion, a P/E ratio of 28.01, a P/E/G ratio of 3.07 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.26%. TJX Companies’s payout ratio is presently 35.29%.

TJX Companies Company 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.