The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,959 shares of the apparel and home fashions retailer’s stock after acquiring an additional 130 shares during the period. Keudell Morrison Wealth Management’s holdings in TJX Companies were worth $237,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $26,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies in the 3rd quarter worth $29,000. Truvestments Capital LLC acquired a new position in TJX Companies in the third quarter valued at $29,000. Copeland Capital Management LLC purchased a new stake in TJX Companies during the third quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the third quarter worth about $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TJX shares. Guggenheim lifted their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. UBS Group boosted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Wells Fargo & Company boosted their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. TD Cowen increased their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price 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. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Price Performance

Shares of TJX opened at $126.09 on Friday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. 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 firm has a market cap of $141.74 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 3.04 and a beta of 0.91. The stock has a 50 day moving average of $123.25 and a 200-day moving average of $118.18.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS 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 the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 earnings per share. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business 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 1.19%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

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.