Flywheel Private Wealth LLC Invests $340,000 in The TJX Companies, Inc. (NYSE:TJX)

Flywheel Private Wealth LLC purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,818 shares of the apparel and home fashions retailer's stock, valued at approximately $340,000.

A number of other large investors also recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new position in TJX Companies in the third quarter worth about $29,000. Truvestments Capital LLC purchased a new position in TJX Companies in the third quarter worth about $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies in the third quarter worth about $30,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies in the third quarter worth about $30,000. Finally, Northwest Investment Counselors LLC purchased a new position in TJX Companies in the third quarter worth about $37,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

NYSE TJX traded up $2.31 during trading hours on Thursday, hitting $121.42. 3,839,952 shares of the company's stock traded hands, compared to its average volume of 4,536,302. The business's fifty day moving average price is $122.39 and its two-hundred day moving average price is $117.35. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $136.49 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.94 and a beta of 0.91. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00.

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 for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company's revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's dividend payout ratio (DPR) is presently 35.29%.

Analysts Set New Price Targets

TJX has been the subject of several recent analyst reports. StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Jefferies Financial Group lifted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. UBS Group lifted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Wells Fargo & Company lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, January 10th. Finally, TD Cowen lifted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research note 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 data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $131.33.

About TJX Companies

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.