Grimes & Company Inc. Grows Stake in The TJX Companies, Inc. (NYSE:TJX)

Grimes & Company Inc. grew its position in The TJX Companies, Inc. (NYSE:TJX) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,902 shares of the apparel and home fashions retailer’s stock after purchasing an additional 108 shares during the quarter. Grimes & Company Inc.’s holdings in TJX Companies were worth $1,196,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TJX. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies in the fourth quarter worth $26,000. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies during the third quarter worth $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies during the third quarter worth $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies during the third quarter worth $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies during the third quarter worth $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.0 %

Shares of NYSE TJX opened at $122.61 on Friday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The stock has a market cap of $137.83 billion, a PE ratio of 28.85, a P/E/G ratio of 3.00 and a beta of 0.91. 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 50-day moving average of $122.84 and a 200 day moving average of $117.86.

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

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Analysts Set New Price Targets

TJX has been the subject of several research reports. Wells Fargo & Company lifted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Evercore ISI boosted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Guggenheim upped their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

About TJX Companies

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.