HB Wealth Management LLC Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

HB Wealth Management LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 9.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,263 shares of the apparel and home fashions retailer’s stock after buying an additional 3,646 shares during the quarter. HB Wealth Management LLC’s holdings in TJX Companies were worth $4,985,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TJX. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies during the fourth quarter valued at $26,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies during the third quarter worth about $29,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies in the third quarter valued at approximately $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies during the third quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the third quarter worth approximately $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $121.89 on Friday. 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 TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a market capitalization of $137.03 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.94 and a beta of 0.91. The business has a 50-day moving average of $122.56 and a 200-day moving average of $117.46.

TJX Companies (NYSE:TJX) last released 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 firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TJX shares. Wells Fargo & Company increased their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Robert W. Baird upped their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Evercore ISI raised their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, UBS Group upped their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies Company 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.