The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by HB Wealth Management LLC

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

Other large investors have also recently added to or reduced their stakes in the company. Seven Eight Capital LP bought a new stake in TJX Companies in the second quarter valued at about $306,000. XTX Topco Ltd grew its position in shares of TJX Companies by 155.9% in the 2nd quarter. XTX Topco Ltd now owns 12,061 shares of the apparel and home fashions retailer’s stock worth $1,328,000 after acquiring an additional 7,347 shares in the last quarter. Brighton Jones LLC grew its position in shares of TJX Companies by 3.2% in the 2nd quarter. Brighton Jones LLC now owns 13,694 shares of the apparel and home fashions retailer’s stock worth $1,508,000 after acquiring an additional 420 shares in the last quarter. Ieq Capital LLC raised its position in shares of TJX Companies by 7.1% during the 2nd quarter. Ieq Capital LLC now owns 75,345 shares of the apparel and home fashions retailer’s stock valued at $8,296,000 after acquiring an additional 4,974 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its stake in TJX Companies by 594.8% during the second quarter. King Luther Capital Management Corp now owns 41,771 shares of the apparel and home fashions retailer’s stock worth $4,599,000 after purchasing an additional 35,759 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Up 0.4 %

TJX Companies stock opened at $121.89 on Friday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. 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 stock has a market capitalization of $137.03 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The firm has a 50 day simple moving average of $122.56 and a 200-day simple moving average of $117.46.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating 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 business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter last year, the business posted $1.03 earnings per share. The company’s quarterly revenue 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 fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors 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 dividend on an annualized basis and a dividend yield of 1.23%. TJX Companies’s payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

TJX has been the subject of several recent research reports. UBS Group boosted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Jefferies Financial Group boosted their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird lifted their target price on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. TD Cowen increased their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Telsey Advisory Group restated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $131.33.

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.