Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 43.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 888,668 shares of the apparel and home fashions retailer's stock after acquiring an additional 269,331 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.08% of TJX Companies worth $104,455,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in TJX Companies by 33.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer's stock worth $1,347,934,000 after buying an additional 3,063,318 shares during the last quarter. Capital Wealth Planning LLC acquired a new stake in TJX Companies in the 2nd quarter worth about $315,698,000. International Assets Investment Management LLC boosted its holdings in TJX Companies by 13,309.4% in the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer's stock worth $140,008,000 after buying an additional 1,182,272 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in TJX Companies by 161.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer's stock worth $210,003,000 after buying an additional 1,102,912 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in TJX Companies by 281.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer's stock worth $145,166,000 after buying an additional 911,351 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TJX. Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. TD Cowen lifted their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Guggenheim boosted their target price on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company boosted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $131.33.

TJX Companies Trading Down 1.4 %

Shares of TJX stock traded down $1.65 during trading on Friday, hitting $120.00. 4,355,153 shares of the stock traded hands, compared to its average volume of 4,560,075. The firm has a market capitalization of $134.90 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm's fifty day moving average price is $122.06 and its 200-day moving average price is $117.12. 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 announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating 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 firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 earnings per share. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's payout ratio 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.