Daymark Wealth Partners LLC Has $2.22 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Daymark Wealth Partners LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,356 shares of the apparel and home fashions retailer’s stock after purchasing an additional 130 shares during the quarter. Daymark Wealth Partners LLC’s holdings in TJX Companies were worth $2,218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TJX. First Trust Direct Indexing L.P. increased its position in TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after buying an additional 5,207 shares in the last quarter. Courier Capital LLC grew its stake in TJX Companies by 55.1% in the fourth quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock valued at $4,166,000 after acquiring an additional 12,247 shares during the period. Board of the Pension Protection Fund acquired a new position in shares of TJX Companies during the fourth quarter worth approximately $713,000. Unigestion Holding SA bought a new position in shares of TJX Companies in the 3rd quarter worth $22,684,000. Finally, Miracle Mile Advisors LLC lifted its holdings in shares of TJX Companies by 43.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock worth $2,549,000 after purchasing an additional 6,344 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Down 0.6 %

Shares of TJX stock opened at $122.56 on Thursday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market cap of $137.77 billion, a P/E ratio of 28.84, a PEG ratio of 3.02 and a beta of 0.91. The company has a 50 day moving average of $122.70 and a 200-day moving average of $117.72. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the business posted $1.03 earnings per share. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm 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 dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Robert W. Baird raised their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. TD Cowen boosted 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. Deutsche Bank Aktiengesellschaft raised their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

About TJX Companies

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.