The TJX Companies, Inc. (NYSE:TJX) Position Boosted by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,915 shares of the apparel and home fashions retailer’s stock after acquiring an additional 94 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in TJX Companies were worth $352,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TJX. Cornerstone Wealth Management LLC lifted its holdings in TJX Companies by 1.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 6,063 shares of the apparel and home fashions retailer’s stock worth $732,000 after purchasing an additional 110 shares during the period. Brighton Jones LLC raised its position in shares of TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after buying an additional 8,002 shares in the last quarter. Hengehold Capital Management LLC lifted its stake in shares of TJX Companies by 43.4% in the 4th quarter. Hengehold Capital Management LLC now owns 4,951 shares of the apparel and home fashions retailer’s stock worth $598,000 after acquiring an additional 1,498 shares during the period. Montecito Bank & Trust boosted its holdings in shares of TJX Companies by 8.5% in the fourth quarter. Montecito Bank & Trust now owns 15,917 shares of the apparel and home fashions retailer’s stock valued at $1,923,000 after acquiring an additional 1,241 shares in the last quarter. Finally, Verde Capital Management increased its stake in shares of TJX Companies by 52.3% during the fourth quarter. Verde Capital Management now owns 6,936 shares of the apparel and home fashions retailer’s stock valued at $838,000 after acquiring an additional 2,382 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. TD Cowen upped their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Jefferies Financial Group upped their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Guggenheim lifted 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. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.67.

TJX Companies Stock Performance

Shares of TJX stock opened at $122.75 on Friday. The stock’s fifty day simple moving average is $122.73 and its 200-day simple moving average is $117.75. The company has a market capitalization of $137.99 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 3.00 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. On average, sell-side 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 declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 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.