The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 13,219 shares of the apparel and home fashions retailer’s stock after buying an additional 206 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in TJX Companies were worth $1,597,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of TJX. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies during the 4th quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies during the 3rd quarter valued at about $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at about $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at about $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TJX has been the topic of several research analyst reports. Wells Fargo & Company lifted their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Morgan Stanley lifted their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $133.53.

TJX Companies Stock Performance

Shares of TJX stock opened at $126.20 on Friday. The stock’s 50-day moving average is $123.27 and its two-hundred day moving average is $118.53. The firm has a market cap of $141.87 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 3.05 and a beta of 0.91. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year 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.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion during 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 was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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 paid a dividend of $0.375 per share. 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 1.19%. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

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.