Wallace Advisory Group LLC Lowers Position in The TJX Companies, Inc. (NYSE:TJX)

Wallace Advisory Group LLC lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,622 shares of the apparel and home fashions retailer’s stock after selling 296 shares during the quarter. Wallace Advisory Group LLC’s holdings in TJX Companies were worth $661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TJX. Wealthspire Advisors LLC lifted its stake in shares of TJX Companies by 4.7% in the 2nd quarter. Wealthspire Advisors LLC now owns 12,377 shares of the apparel and home fashions retailer’s stock valued at $1,363,000 after purchasing an additional 560 shares during the period. J.W. Cole Advisors Inc. lifted its stake in shares of TJX Companies by 28.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 11,871 shares of the apparel and home fashions retailer’s stock valued at $1,307,000 after purchasing an additional 2,655 shares during the period. Prime Capital Investment Advisors LLC lifted its stake in shares of TJX Companies by 13.5% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 51,889 shares of the apparel and home fashions retailer’s stock valued at $5,713,000 after purchasing an additional 6,152 shares during the period. Capital Wealth Planning LLC purchased a new position in shares of TJX Companies in the 2nd quarter valued at approximately $315,698,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of TJX Companies by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer’s stock valued at $689,812,000 after purchasing an additional 662,681 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TJX. Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. UBS Group lifted their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Jefferies Financial Group lifted their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, 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. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

TJX Companies Stock Down 0.1 %

TJX Companies stock opened at $119.96 on Tuesday. The stock has a market cap of $134.85 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 3.07 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 TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The stock has a fifty day moving average of $122.21 and a 200 day moving average of $117.27.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors 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 yield of 1.25%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

TJX Companies Company 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.