The TJX Companies, Inc. (NYSE:TJX) is HFR Wealth Management LLC’s 5th Largest Position

HFR Wealth Management LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 142,914 shares of the apparel and home fashions retailer’s stock after selling 1,568 shares during the period. TJX Companies comprises approximately 4.3% of HFR Wealth Management LLC’s holdings, making the stock its 5th largest position. HFR Wealth Management LLC’s holdings in TJX Companies were worth $17,265,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC raised its stake in TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after buying an additional 69,489 shares during the last quarter. Gladstone Institutional Advisory LLC raised its stake in TJX Companies by 14.4% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 2,159 shares of the apparel and home fashions retailer’s stock valued at $254,000 after buying an additional 271 shares during the last quarter. Van ECK Associates Corp raised its stake in TJX Companies by 4.1% during the 3rd quarter. Van ECK Associates Corp now owns 318,736 shares of the apparel and home fashions retailer’s stock valued at $36,406,000 after buying an additional 12,578 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in TJX Companies by 281.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock valued at $145,166,000 after buying an additional 911,351 shares during the last quarter. Finally, KG&L Capital Management LLC raised its stake in TJX Companies by 2.3% during the 3rd quarter. KG&L Capital Management LLC now owns 6,101 shares of the apparel and home fashions retailer’s stock valued at $717,000 after buying an additional 140 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TJX shares. BMO Capital Markets boosted their target price on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Evercore ISI boosted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

Insiders Place Their Bets

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 1.2 %

Shares of TJX Companies stock opened at $123.32 on Tuesday. The company has a market capitalization of $138.63 billion, a P/E ratio of 29.02, a P/E/G ratio of 2.75 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a fifty day moving average of $123.01 and a 200 day moving average of $120.18. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is currently 35.21%.

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.