Marcum Wealth LLC Purchases 685 Shares of The TJX Companies, Inc. (NYSE:TJX)

Marcum Wealth LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 11.3% during the fourth quarter, HoldingsChannel reports. The fund owned 6,736 shares of the apparel and home fashions retailer’s stock after buying an additional 685 shares during the quarter. Marcum Wealth LLC’s holdings in TJX Companies were worth $814,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in shares of 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 worth $5,589,783,000 after purchasing an additional 469,287 shares during the last quarter. Geode Capital Management LLC boosted its position in TJX Companies by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock worth $2,795,121,000 after buying an additional 363,707 shares during the period. Ameriprise Financial Inc. grew its holdings in TJX Companies by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after acquiring an additional 3,063,318 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in TJX Companies by 7.5% in 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. Finally, Franklin Resources Inc. raised its stake in shares of TJX Companies by 9.9% during the third quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock valued at $837,951,000 after acquiring an additional 657,529 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $119.96 on Tuesday. The firm has a market capitalization of $134.85 billion, a P/E ratio of 28.23, a P/E/G ratio of 3.07 and a beta of 0.91. The firm’s 50-day moving average price is $122.21 and its 200-day moving average price is $117.27. 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 TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping 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 return on equity of 61.82% and a net margin of 8.63%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 EPS. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is currently 35.29%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TJX shares. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Guggenheim upped their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Evercore ISI raised their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. TD Cowen upped their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, 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.