Ritholtz Wealth Management Increases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Ritholtz Wealth Management grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 7.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 17,871 shares of the apparel and home fashions retailer’s stock after buying an additional 1,316 shares during the quarter. Ritholtz Wealth Management’s holdings in TJX Companies were worth $2,159,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TJX. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies during the third quarter valued at about $29,000. Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies during the 3rd quarter worth approximately $30,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC bought a new position in shares of TJX Companies in the 3rd quarter worth approximately $30,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of TJX Companies in the 3rd quarter valued at approximately $37,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TJX. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. TD Cowen upped their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. UBS Group lifted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

TJX Companies Trading Up 0.4 %

Shares of NYSE:TJX opened at $121.89 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 TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a market cap of $137.03 billion, a P/E ratio of 28.68, a PEG ratio of 2.94 and a beta of 0.91. The stock’s fifty day moving average price is $122.48 and its 200-day moving average price is $117.38.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for 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 business’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 EPS. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced 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. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date 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.