Keudell Morrison Wealth Management Increases Position in The TJX Companies, Inc. (NYSE:TJX)

Keudell Morrison Wealth Management lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,959 shares of the apparel and home fashions retailer’s stock after purchasing an additional 130 shares during the period. Keudell Morrison Wealth Management’s holdings in TJX Companies were worth $237,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Evernest Financial Advisors LLC increased its holdings in shares of TJX Companies by 3.5% in the 4th quarter. Evernest Financial Advisors LLC now owns 11,996 shares of the apparel and home fashions retailer’s stock valued at $1,449,000 after acquiring an additional 403 shares during the last quarter. Heritage Financial Services LLC acquired a new position in TJX Companies in the fourth quarter valued at approximately $834,000. Fortune Financial Advisors LLC increased its stake in TJX Companies by 4.5% in the fourth quarter. Fortune Financial Advisors LLC now owns 9,702 shares of the apparel and home fashions retailer’s stock valued at $1,172,000 after purchasing an additional 415 shares during the last quarter. Cibc World Market Inc. raised its holdings in TJX Companies by 4.3% during the fourth quarter. Cibc World Market Inc. now owns 296,373 shares of the apparel and home fashions retailer’s stock worth $35,805,000 after purchasing an additional 12,287 shares in the last quarter. Finally, Mediolanum International Funds Ltd lifted its position in shares of TJX Companies by 190.2% during the 4th quarter. Mediolanum International Funds Ltd now owns 531,224 shares of the apparel and home fashions retailer’s stock worth $64,168,000 after buying an additional 348,186 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on TJX shares. Jefferies Financial Group raised their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company raised their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Morgan Stanley boosted their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised 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. Finally, UBS Group increased their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Stock Performance

Shares of TJX opened at $126.09 on Friday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The stock has a market cap of $141.74 billion, a P/E ratio of 29.67, a PEG ratio of 3.04 and a beta of 0.91. 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 company has a 50-day moving average of $123.25 and a two-hundred day moving average of $118.18.

TJX Companies (NYSE:TJX) last announced its earnings results 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) 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.