Venturi Wealth Management LLC Purchases 8,883 Shares of The TJX Companies, Inc. (NYSE:TJX)

Venturi Wealth Management LLC grew its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,387 shares of the apparel and home fashions retailer's stock after buying an additional 8,883 shares during the quarter. Venturi Wealth Management LLC's holdings in TJX Companies were worth $14,544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in shares of TJX Companies by 13,309.4% in the third quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer's stock valued at $140,008,000 after buying an additional 1,182,272 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position 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 valued at $210,003,000 after acquiring an additional 1,102,912 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of TJX Companies by 281.6% in the third 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 acquiring an additional 911,351 shares during the last quarter. Canoe Financial LP lifted its position in shares of TJX Companies by 564.0% during the fourth quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer's stock worth $128,568,000 after purchasing an additional 903,939 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of TJX Companies by 13.3% during the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer's stock valued at $850,428,000 after purchasing an additional 827,103 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Down 1.5 %

Shares of NYSE TJX traded down $1.90 during midday trading on Friday, reaching $121.08. 5,692,049 shares of the stock were exchanged, compared to its average volume of 4,322,778. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a market capitalization of $136.11 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 2.76 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 business has a 50-day simple moving average of $122.86 and a two-hundred day simple moving average of $119.48.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $13.95 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The company's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies's dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TJX. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Jefferies Financial Group boosted their target price on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. TD Cowen upped 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. UBS Group lifted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Morgan Stanley upped their target price on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.18.

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.