Executive Wealth Management LLC Buys New Shares in The TJX Companies, Inc. (NYSE:TJX)

Executive Wealth Management LLC bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 31,833 shares of the apparel and home fashions retailer's stock, valued at approximately $3,742,000.

Several other hedge funds have also recently added to or reduced their stakes in TJX. Hartford Funds Management Co LLC grew its holdings in shares of TJX Companies by 0.5% in the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer's stock worth $2,107,000 after acquiring an additional 86 shares during the last quarter. Stablepoint Partners LLC grew its holdings in shares of TJX Companies by 0.3% in 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 acquiring an additional 89 shares during the last quarter. Dearborn Partners LLC grew its holdings in shares of TJX Companies by 4.0% in the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer's stock worth $260,000 after acquiring an additional 90 shares during the last quarter. Concorde Asset Management LLC grew its holdings in shares of TJX Companies by 2.8% in the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer's stock worth $367,000 after acquiring an additional 90 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its holdings in shares of TJX Companies by 3.4% during the third 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 in the last quarter. Institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

TJX has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. BMO Capital Markets boosted their price objective on TJX Companies from $116.00 to $133.00 and gave the stock an "outperform" rating in a research report on Thursday, August 22nd. Guggenheim boosted their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Finally, Jefferies Financial Group upped their price objective on TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $130.89.

TJX Companies Trading Up 1.0 %

Shares of NYSE TJX traded up $1.30 during midday trading on Tuesday, hitting $127.20. The stock had a trading volume of 5,997,236 shares, compared to its average volume of 5,244,579. The company's 50-day simple moving average is $118.26 and its 200 day simple moving average is $114.58. The firm has a market cap of $142.99 billion, a P/E ratio of 29.93, a price-to-earnings-growth ratio of 3.10 and a beta of 0.90. The TJX Companies, Inc. has a fifty-two week low of $88.58 and a fifty-two week high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The business 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 firm's revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $1.03 EPS. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's dividend payout ratio is 35.29%.

TJX Companies Company 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.