Hemington Wealth Management Buys 108 Shares of The TJX Companies, Inc. (NYSE:TJX)

Hemington Wealth Management lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,138 shares of the apparel and home fashions retailer’s stock after purchasing an additional 108 shares during the quarter. Hemington Wealth Management’s holdings in TJX Companies were worth $137,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of TJX. Creative Planning lifted its stake in TJX Companies by 5.5% during the 3rd quarter. Creative Planning now owns 323,654 shares of the apparel and home fashions retailer’s stock valued at $38,042,000 after acquiring an additional 16,883 shares during the period. Occidental Asset Management LLC purchased a new position in shares of TJX Companies in the third quarter worth approximately $239,000. Magnus Financial Group LLC boosted its holdings in shares of TJX Companies by 5.8% in the third quarter. Magnus Financial Group LLC now owns 4,363 shares of the apparel and home fashions retailer’s stock worth $513,000 after buying an additional 241 shares during the last quarter. Petredis Investment Advisors LLC grew its position in TJX Companies by 0.3% during the third quarter. Petredis Investment Advisors LLC now owns 55,507 shares of the apparel and home fashions retailer’s stock valued at $6,524,000 after buying an additional 160 shares during the period. Finally, Brady Family Wealth LLC increased its holdings in TJX Companies by 2.3% during the third quarter. Brady Family Wealth LLC now owns 38,888 shares of the apparel and home fashions retailer’s stock valued at $4,571,000 after buying an additional 888 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.2 %

Shares of TJX opened at $124.45 on Thursday. The company’s fifty day moving average is $123.22 and its 200 day moving average is $118.94. 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 $139.90 billion, a PE ratio of 29.28, a P/E/G ratio of 2.82 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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 for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the firm posted $1.03 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

TJX has been the topic of several recent research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. Guggenheim raised their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, Robert W. Baird raised their price objective on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $133.53.

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.