Fifth Third Wealth Advisors LLC Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Fifth Third Wealth Advisors LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,010 shares of the apparel and home fashions retailer’s stock after buying an additional 1,652 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in TJX Companies were worth $2,901,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies in the 3rd quarter worth approximately $29,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies in the 3rd quarter worth $30,000. Truvestments Capital LLC purchased a new stake in TJX Companies during the third quarter valued at about $29,000. Copeland Capital Management LLC purchased a new stake in TJX Companies during the third quarter valued at about $30,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of TJX Companies during the third quarter valued at about $37,000. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, UBS Group increased their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies Stock Performance

NYSE:TJX opened at $119.29 on Wednesday. The stock has a 50-day moving average price of $122.32 and a 200 day moving average price of $117.34. 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 TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The stock has a market capitalization of $134.10 billion, a P/E ratio of 28.07, a P/E/G ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the firm posted $1.03 EPS. The company’s revenue was up 6.0% on a year-over-year basis. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS 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. 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 annualized dividend and a dividend yield of 1.26%. TJX Companies’s dividend payout ratio (DPR) 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.