Cove Private Wealth LLC Makes New $615,000 Investment in The TJX Companies, Inc. (NYSE:TJX)

Cove Private Wealth LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 5,094 shares of the apparel and home fashions retailer's stock, valued at approximately $615,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hartford Funds Management Co LLC lifted its position in TJX Companies by 0.5% in the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer's stock valued at $2,107,000 after purchasing an additional 86 shares during the period. Stablepoint Partners LLC raised its stake in shares of TJX Companies by 0.3% during the 3rd quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer's stock worth $3,164,000 after buying an additional 89 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in shares of TJX Companies by 3.4% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer's stock valued at $318,000 after buying an additional 90 shares during the period. Hamilton Capital LLC boosted its stake in shares of TJX Companies by 3.9% in the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer's stock valued at $273,000 after buying an additional 90 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in TJX Companies by 3.8% during the third quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer's stock worth $295,000 after acquiring an additional 91 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TJX has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their target price on TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Evercore ISI boosted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. UBS Group upped their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. TD Cowen lifted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Three research 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.33.

TJX Companies Trading Up 0.4 %

Shares of TJX traded up $0.51 on Monday, hitting $121.89. 4,752,383 shares of the stock traded hands, compared to its average volume of 4,388,107. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The stock's 50 day moving average is $122.56 and its two-hundred day moving average is $117.56. The firm has a market capitalization of $137.03 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates 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 for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 EPS. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies's dividend payout ratio (DPR) is 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.