Blossom Wealth Management Buys 105 Shares of The TJX Companies, Inc. (NYSE:TJX)

Blossom Wealth Management boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,530 shares of the apparel and home fashions retailer’s stock after acquiring an additional 105 shares during the period. Blossom Wealth Management’s holdings in TJX Companies were worth $426,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. KG&L Capital Management LLC increased its position in shares of TJX Companies by 3.6% in the fourth quarter. KG&L Capital Management LLC now owns 6,321 shares of the apparel and home fashions retailer’s stock worth $764,000 after purchasing an additional 220 shares during the period. China Universal Asset Management Co. Ltd. increased its holdings in TJX Companies by 397.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 4,970 shares of the apparel and home fashions retailer’s stock valued at $600,000 after buying an additional 3,970 shares during the period. Concord Wealth Partners increased its holdings in TJX Companies by 86.4% in the 4th quarter. Concord Wealth Partners now owns 14,663 shares of the apparel and home fashions retailer’s stock valued at $1,771,000 after buying an additional 6,796 shares during the period. Concord Asset Management LLC VA raised its position in shares of TJX Companies by 82.4% in the 4th quarter. Concord Asset Management LLC VA now owns 14,634 shares of the apparel and home fashions retailer’s stock valued at $1,768,000 after buying an additional 6,610 shares in the last quarter. Finally, Waldron Private Wealth LLC increased its stake in TJX Companies by 3.8% in the fourth quarter. Waldron Private Wealth LLC now owns 13,535 shares of the apparel and home fashions retailer’s stock valued at $1,635,000 after acquiring an additional 491 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Down 1.0 %

Shares of TJX stock opened at $124.83 on Friday. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. 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 stock has a 50 day simple moving average of $123.32 and a two-hundred day simple moving average of $118.26. The company has a market cap of $140.33 billion, a P/E ratio of 29.37, a PEG ratio of 3.04 and a beta of 0.91.

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

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. TJX Companies’s dividend payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Robert W. Baird raised their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley boosted their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. UBS Group increased their target price on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Evercore ISI boosted their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

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.