Brophy Wealth Management LLC Buys Shares of 7,625 The TJX Companies, Inc. (NYSE:TJX)

Brophy Wealth Management LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,625 shares of the apparel and home fashions retailer's stock, valued at approximately $896,000.

Other institutional investors have also made changes to their positions in the company. Richard W. Paul & Associates LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new position in TJX Companies during the third quarter valued at approximately $29,000. Truvestments Capital LLC bought a new stake in TJX Companies during the third quarter worth $29,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth about $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in TJX Companies during the third quarter worth approximately $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TJX shares. Guggenheim raised their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Wells Fargo & Company upped their target price on TJX Companies from $100.00 to $115.00 and gave the company an "equal weight" rating in a research report on Thursday, August 22nd. Loop Capital upped their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft increased 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, TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, TJX Companies has an average rating of "Moderate Buy" and an average target price of $130.89.

TJX Companies Stock Performance

TJX traded up $1.09 during mid-day trading on Tuesday, reaching $126.99. 2,413,363 shares of the company traded hands, compared to its average volume of 5,228,084. The TJX Companies, Inc. has a 52-week low of $88.58 and a 52-week high of $128.00. The stock has a market capitalization of $142.76 billion, a P/E ratio of 29.62, a P/E/G ratio of 3.10 and a beta of 0.90. 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 company's fifty day moving average price is $118.26 and its 200-day moving average price is $114.58.

TJX Companies (NYSE:TJX - Get Free Report) 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, topping analysts' consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $13.95 billion. During the same period in the prior year, the company posted $1.03 earnings per share. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.18%. TJX Companies's dividend payout ratio (DPR) is currently 35.29%.

TJX Companies Profile

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.