Smith Group Asset Management LLC Purchases 2,433 Shares of The TJX Companies, Inc. (NYSE:TJX)

Smith Group Asset Management LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 205,180 shares of the apparel and home fashions retailer’s stock after buying an additional 2,433 shares during the period. TJX Companies comprises about 1.8% of Smith Group Asset Management LLC’s investment portfolio, making the stock its 23rd biggest position. Smith Group Asset Management LLC’s holdings in TJX Companies were worth $24,788,000 as of its most recent filing with the Securities & Exchange Commission.

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

TJX Companies Trading Down 0.4 %

NYSE TJX opened at $124.38 on Wednesday. The firm has a market cap of $139.82 billion, a PE ratio of 29.27, 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. The stock has a 50-day moving average of $123.04 and a 200-day moving average of $118.08. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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 for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm 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 was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 earnings per share. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared 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. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.21%. TJX Companies’s payout ratio is currently 35.29%.

Analysts Set New Price Targets

Several equities analysts recently commented on TJX shares. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. TD Cowen upped their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. UBS Group lifted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Evercore ISI raised their price objective 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. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.