Cumberland Partners Ltd Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

Cumberland Partners Ltd lifted its position in The TJX Companies, Inc. (NYSE:TJXGet Rating) by 74.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,326 shares of the apparel and home fashions retailer’s stock after purchasing an additional 12,080 shares during the period. Cumberland Partners Ltd’s holdings in TJX Companies were worth $2,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bell Investment Advisors Inc bought a new stake in TJX Companies during the 3rd quarter valued at about $25,000. Winch Advisory Services LLC lifted its stake in TJX Companies by 413.3% during the 4th quarter. Winch Advisory Services LLC now owns 385 shares of the apparel and home fashions retailer’s stock valued at $29,000 after acquiring an additional 310 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $30,000. Sandy Cove Advisors LLC purchased a new stake in TJX Companies in the 4th quarter worth $30,000. Finally, First National Bank of South Miami grew its holdings in shares of TJX Companies by 904.8% during the fourth quarter. First National Bank of South Miami now owns 422 shares of the apparel and home fashions retailer’s stock worth $32,000 after buying an additional 380 shares in the last quarter. 91.45% of the stock is owned by institutional investors.

TJX Companies stock traded down $2.11 during midday trading on Tuesday, hitting $54.01. 256,415 shares of the company were exchanged, compared to its average volume of 6,871,794. The company’s fifty day moving average price is $61.51 and its 200-day moving average price is $67.22. The company has a market cap of $63.43 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 1.73 and a beta of 0.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.27 and a quick ratio of 0.70. The TJX Companies, Inc. has a fifty-two week low of $54.49 and a fifty-two week high of $77.35.

TJX Companies (NYSE:TJXGet Rating) last released its quarterly earnings results on Wednesday, February 23rd. The apparel and home fashions retailer reported $0.78 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.12). TJX Companies had a return on equity of 55.47% and a net margin of 6.76%. The company had revenue of $13.85 billion for the quarter, compared to analyst estimates of $14.19 billion. During the same period last year, the firm posted $0.50 earnings per share. The business’s revenue was up 26.6% on a year-over-year basis. On average, analysts expect that The TJX Companies, Inc. will post 3.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Thursday, May 12th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.18%. This is an increase from TJX Companies’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, May 11th. TJX Companies’s payout ratio is 43.70%.

A number of equities research analysts recently issued reports on TJX shares. Morgan Stanley dropped their price objective on shares of TJX Companies from $88.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, February 24th. Truist Financial reduced their price target on shares of TJX Companies from $88.00 to $82.00 in a research report on Thursday, February 24th. BMO Capital Markets cut their target price on shares of TJX Companies from $80.00 to $75.00 in a research note on Thursday, February 24th. Gordon Haskett dropped their price target on shares of TJX Companies from $81.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, February 24th. Finally, Sanford C. Bernstein initiated coverage on shares of TJX Companies in a research report on Monday, March 14th. They set a “market perform” rating and a $68.00 target price on the stock. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $77.85.

About TJX Companies (Get Rating)

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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