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

Ritholtz Wealth Management raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,871 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,316 shares during the quarter. Ritholtz Wealth Management’s holdings in TJX Companies were worth $2,159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Seven Eight Capital LP purchased a new position in TJX Companies in the 2nd quarter valued at approximately $306,000. XTX Topco Ltd boosted its holdings in shares of TJX Companies by 155.9% in the second quarter. XTX Topco Ltd now owns 12,061 shares of the apparel and home fashions retailer’s stock worth $1,328,000 after acquiring an additional 7,347 shares during the period. Inspire Investing LLC purchased a new position in shares of TJX Companies in the second quarter valued at $1,070,000. Brighton Jones LLC raised its stake in shares of TJX Companies by 3.2% during the 2nd quarter. Brighton Jones LLC now owns 13,694 shares of the apparel and home fashions retailer’s stock valued at $1,508,000 after purchasing an additional 420 shares during the period. Finally, Ieq Capital LLC lifted its holdings in TJX Companies by 7.1% during the 2nd quarter. Ieq Capital LLC now owns 75,345 shares of the apparel and home fashions retailer’s stock worth $8,296,000 after purchasing an additional 4,974 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Robert W. Baird upped their price target on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Evercore ISI increased their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. UBS Group boosted 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. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Three investment 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies Trading Up 0.4 %

TJX stock opened at $121.89 on Friday. The company has a market capitalization of $137.03 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.94 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. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company’s 50 day moving average price is $122.48 and its two-hundred day moving average price is $117.38.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same period last year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, analysts predict 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 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 of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.23%. TJX Companies’s payout ratio is currently 35.29%.

About TJX Companies

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.