Capricorn Fund Managers Ltd Invests $3.55 Million in The TJX Companies, Inc. (NYSE:TJX)

Capricorn Fund Managers Ltd purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 29,287 shares of the apparel and home fashions retailer’s stock, valued at approximately $3,546,000.

A number of other institutional investors and hedge funds have also modified their holdings of TJX. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies during the 3rd quarter valued at $29,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies in the 3rd quarter worth $29,000. Copeland Capital Management LLC bought a new position in TJX Companies in the third quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in TJX Companies in the third quarter worth about $30,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $121.89 on Tuesday. 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 company has a market capitalization of $137.03 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.98 and a beta of 0.91. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The firm’s 50-day moving average is $122.64 and its 200 day moving average is $117.64.

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, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. Research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. TD Cowen lifted their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Evercore ISI upped their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Robert W. Baird lifted their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

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.