Eudaimonia Partners LLC Purchases New Position in The TJX Companies, Inc. (NYSE:TJX)

Posted by on Apr 3rd, 2023

Eudaimonia Partners LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,954 shares of the apparel and home fashions retailer’s stock, valued at approximately $235,000.

A number of other institutional investors have also recently made changes to their positions in the business. Fairfield Bush & CO. bought a new stake in TJX Companies in the first quarter worth about $68,000. United Bank lifted its stake in TJX Companies by 9.2% in the first quarter. United Bank now owns 15,197 shares of the apparel and home fashions retailer’s stock worth $921,000 after purchasing an additional 1,284 shares during the last quarter. AMI Investment Management Inc. bought a new stake in TJX Companies in the first quarter worth about $2,780,000. Cetera Investment Advisers lifted its stake in TJX Companies by 69.0% in the first quarter. Cetera Investment Advisers now owns 38,304 shares of the apparel and home fashions retailer’s stock worth $2,320,000 after purchasing an additional 15,644 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in TJX Companies by 10.0% in the first quarter. Sequoia Financial Advisors LLC now owns 4,396 shares of the apparel and home fashions retailer’s stock worth $266,000 after purchasing an additional 398 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TJX. Cowen raised their price objective on shares of TJX Companies from $84.00 to $85.00 in a research note on Tuesday, December 6th. StockNews.com started coverage on shares of TJX Companies in a research report on Thursday, March 16th. They set a “buy” rating on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $95.00 target price on shares of TJX Companies in a research report on Thursday, February 23rd. Cowen raised their target price on shares of TJX Companies from $84.00 to $85.00 in a research report on Tuesday, December 6th. Finally, Robert W. Baird raised their target price on shares of TJX Companies from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.07.

TJX Companies Stock Performance

Shares of TJX stock opened at $78.36 on Monday. The firm has a market cap of $90.32 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 2.12 and a beta of 0.91. The company’s 50 day moving average is $78.12 and its 200 day moving average is $75.23. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.45. The TJX Companies, Inc. has a 52-week low of $53.69 and a 52-week high of $83.13.

TJX Companies (NYSE:TJX – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The apparel and home fashions retailer reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. The company had revenue of $14.52 billion for the quarter, compared to analyst estimates of $14.07 billion. TJX Companies had a net margin of 7.00% and a return on equity of 63.68%. TJX Companies’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 3.52 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 11th will be paid a $0.3325 dividend. This represents a $1.33 annualized dividend and a yield of 1.70%. This is an increase from TJX Companies’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, May 10th. TJX Companies’s dividend payout ratio (DPR) is 39.60%.

TJX Companies Company Profile

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The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers an assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.

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

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