HB Wealth Management LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,263 shares of the apparel and home fashions retailer's stock after buying an additional 3,646 shares during the period. HB Wealth Management LLC's holdings in TJX Companies were worth $4,985,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies in the 4th quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies in the third quarter valued at approximately $29,000. Legacy Investment Solutions LLC bought a new position in shares of TJX Companies during the 3rd quarter worth approximately $30,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Finally, Copeland Capital Management LLC bought a new stake in TJX Companies in the 3rd quarter valued at $30,000. 91.09% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Telsey Advisory Group reissued an "outperform" rating and issued a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. Wells Fargo & Company raised their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. Jefferies Financial Group upped their target price on TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Guggenheim increased their target price on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Finally, TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Three investment 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 currently has an average rating of "Moderate Buy" and an average target price of $131.33.
Read Our Latest Analysis on TJX
TJX Companies Price Performance
Shares of NYSE TJX traded up $0.51 during trading hours on Friday, hitting $121.89. 4,752,383 shares of the stock were exchanged, 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 company has a market cap of $137.03 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company's fifty day simple moving average is $122.56 and its two-hundred day simple moving average is $117.51.
TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the business posted $1.03 EPS. The company's revenue was up 6.0% compared to the same quarter last year. On average, sell-side 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. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. TJX Companies's dividend payout ratio (DPR) is currently 35.29%.
TJX Companies Company Profile
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Free Report)
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.
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