Segment Wealth Management LLC Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Segment Wealth Management LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,062 shares of the apparel and home fashions retailer’s stock after buying an additional 1,346 shares during the quarter. Segment Wealth Management LLC’s holdings in TJX Companies were worth $13,055,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Seven Eight Capital LP acquired a new stake in shares of TJX Companies in the second quarter worth approximately $306,000. Pacer Advisors Inc. boosted its holdings in shares of TJX Companies by 2.5% in the 2nd quarter. Pacer Advisors Inc. now owns 133,124 shares of the apparel and home fashions retailer’s stock valued at $14,657,000 after purchasing an additional 3,209 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of TJX Companies by 5.3% during the 2nd quarter. ProShare Advisors LLC now owns 174,781 shares of the apparel and home fashions retailer’s stock valued at $19,243,000 after buying an additional 8,866 shares during the period. Frank Rimerman Advisors LLC grew its stake in shares of TJX Companies by 17,911.1% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 9,726 shares of the apparel and home fashions retailer’s stock valued at $1,071,000 after buying an additional 9,672 shares during the period. Finally, Fairscale Capital LLC acquired a new stake in shares of TJX Companies during the 2nd quarter worth $103,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on TJX shares. TD Cowen lifted 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. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Guggenheim boosted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.33.

TJX Companies Stock Performance

Shares of TJX opened at $121.89 on Tuesday. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market cap of $137.03 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.98 and a beta of 0.91. The business’s 50 day moving average is $122.56 and its two-hundred day moving average is $117.56.

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 firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate 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 was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal 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 issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 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.