The TJX Companies, Inc. (NYSE:TJX) Holdings Lessened by HFR Wealth Management LLC

HFR Wealth Management LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,914 shares of the apparel and home fashions retailer’s stock after selling 1,568 shares during the quarter. TJX Companies accounts for approximately 4.3% of HFR Wealth Management LLC’s holdings, making the stock its 5th biggest holding. HFR Wealth Management LLC’s holdings in TJX Companies were worth $17,265,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bogart Wealth LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the 3rd quarter worth about $30,000. Finally, Truvestments Capital LLC purchased a new stake in TJX Companies in the 3rd quarter worth about $29,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by insiders.

TJX Companies Price Performance

NYSE TJX opened at $123.32 on Tuesday. 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 firm’s 50 day moving average price is $123.01 and its 200-day moving average price is $120.18. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a market cap of $138.63 billion, a PE ratio of 29.02, a P/E/G ratio of 2.75 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.22%. TJX Companies’s dividend payout ratio (DPR) is 35.21%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Wells Fargo & Company increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Morgan Stanley increased their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Barclays increased their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group increased 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. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

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.