BSW Wealth Partners Acquires 290 Shares of The TJX Companies, Inc. (NYSE:TJX)

BSW Wealth Partners boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,926 shares of the apparel and home fashions retailer’s stock after purchasing an additional 290 shares during the period. BSW Wealth Partners’ holdings in TJX Companies were worth $837,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TJX. First Trust Direct Indexing L.P. increased its holdings in TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after acquiring an additional 5,207 shares during the last quarter. Courier Capital LLC raised its position in shares of TJX Companies by 55.1% in the fourth quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock valued at $4,166,000 after purchasing an additional 12,247 shares during the period. Board of the Pension Protection Fund purchased a new stake in shares of TJX Companies during the 4th quarter valued at approximately $713,000. Miracle Mile Advisors LLC boosted its holdings in TJX Companies by 43.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock worth $2,549,000 after buying an additional 6,344 shares during the period. Finally, Unigestion Holding SA purchased a new position in TJX Companies in the 3rd quarter valued at approximately $22,684,000. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on TJX. Wells Fargo & Company lifted their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Finally, Guggenheim upped their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $131.67.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $124.38 on Wednesday. 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 one year low of $92.35 and a one year high of $128.00. The business’s 50 day simple moving average is $122.94 and its two-hundred day simple moving average is $118.01. The stock has a market capitalization of $139.82 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate 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 net margin of 8.63% and a return on equity of 61.82%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 earnings per share. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.21%. 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.