The TJX Companies, Inc. (NYSE:TJX) Shares Bought by SMART Wealth LLC

SMART Wealth LLC boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 117.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,236 shares of the apparel and home fashions retailer’s stock after buying an additional 2,287 shares during the quarter. SMART Wealth LLC’s holdings in TJX Companies were worth $512,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TJX. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the fourth quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the 3rd quarter worth $29,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies in the 3rd quarter worth $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies during the third quarter worth $30,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies during the third quarter valued at $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TJX shares. Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. UBS Group lifted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Robert W. Baird upped their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Jefferies Financial Group lifted their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Evercore ISI increased their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average price target of $133.53.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $126.20 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The business’s fifty day moving average price is $123.27 and its two-hundred day moving average price is $118.53. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The stock has a market capitalization of $141.87 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91.

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

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.19%. TJX Companies’s payout ratio is 35.29%.

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.