Atomi Financial Group Inc. Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

by · The Markets Daily

Atomi Financial Group Inc. boosted its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 17.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,712 shares of the apparel and home fashions retailer’s stock after buying an additional 1,573 shares during the quarter. Atomi Financial Group Inc.’s holdings in TJX Companies were worth $1,294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies in the 4th quarter worth about $26,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the third quarter worth about $29,000. Truvestments Capital LLC bought a new position in shares of TJX Companies during the third quarter valued at approximately $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies during the third quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies during the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $123.23 on Wednesday. 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 stock has a market capitalization of $138.52 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91. The firm’s 50 day moving average price is $122.64 and its 200-day moving average price is $117.64. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

TJX Companies (NYSE:TJX – Get Free Report) last released its quarterly 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period last year, the firm earned $1.03 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group lifted their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Jefferies Financial Group upped their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company increased their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

Check Out Our Latest Stock Report on TJX

About TJX Companies

(Free Report)

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.

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