Werba Rubin Papier Wealth Management Increases Position in The TJX Companies, Inc. (NYSE:TJX)

Werba Rubin Papier Wealth Management lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,326 shares of the apparel and home fashions retailer’s stock after purchasing an additional 173 shares during the period. Werba Rubin Papier Wealth Management’s holdings in TJX Companies were worth $281,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of TJX Companies by 13,309.4% during the third quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after buying an additional 1,182,272 shares during the last quarter. Provident Trust Co. grew its stake in TJX Companies by 71.3% during the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock valued at $328,984,000 after acquiring an additional 1,133,486 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in TJX Companies by 161.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock valued at $210,003,000 after acquiring an additional 1,102,912 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in TJX Companies by 281.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock worth $145,166,000 after purchasing an additional 911,351 shares in the last quarter. Finally, Canoe Financial LP boosted its holdings in shares of TJX Companies by 564.0% during the 4th quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer’s stock valued at $128,568,000 after purchasing an additional 903,939 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $123.82 on Wednesday. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. 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 company has a market cap of $139.20 billion, a PE ratio of 29.13, a P/E/G ratio of 2.78 and a beta of 0.91. The business has a 50-day simple moving average of $123.07 and a two-hundred day simple moving average of $119.34.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $1.03 earnings per share. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wells Fargo & Company boosted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft increased their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Evercore ISI boosted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Robert W. Baird increased their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Guggenheim boosted their target price 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. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $133.53.

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.