Opal Wealth Advisors LLC Acquires 284 Shares of The TJX Companies, Inc. (NYSE:TJX)

Opal Wealth Advisors LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 8.2% in the fourth quarter, Holdings Channel reports. The firm owned 3,759 shares of the apparel and home fashions retailer’s stock after purchasing an additional 284 shares during the period. Opal Wealth Advisors LLC’s holdings in TJX Companies were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. State Street Corp grew its position in TJX Companies by 1.0% during the third quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock valued at $5,589,783,000 after buying an additional 469,287 shares during the period. Geode Capital Management LLC boosted its stake in TJX Companies by 1.5% in the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock valued at $2,795,121,000 after acquiring an additional 363,707 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of TJX Companies by 7.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock valued at $1,079,319,000 after acquiring an additional 643,833 shares during the period. Franklin Resources Inc. increased its stake in shares of TJX Companies by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock worth $837,951,000 after purchasing an additional 657,529 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of TJX Companies by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock worth $850,428,000 after purchasing an additional 827,103 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

NYSE:TJX opened at $124.64 on Monday. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. 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 stock has a market cap of $140.11 billion, a P/E ratio of 29.33, a PEG ratio of 2.82 and a beta of 0.91. The business’s 50-day moving average price is $123.25 and its two-hundred day moving average price is $118.70.

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 analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion for 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%. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $1.03 earnings per share. As a group, equities analysts predict 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. Investors of record on Thursday, February 13th will be paid 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 1.20%. TJX Companies’s dividend payout ratio is presently 35.29%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TJX. Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Guggenheim boosted 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. Morgan Stanley increased their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Finally, UBS Group boosted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.53.

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.