Quotient Wealth Partners LLC Has $830,000 Stake in The TJX Companies, Inc. (NYSE:TJX)

Quotient Wealth Partners LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,866 shares of the apparel and home fashions retailer’s stock after acquiring an additional 427 shares during the quarter. Quotient Wealth Partners LLC’s holdings in TJX Companies were worth $830,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TJX. Northeast Investment Management raised its stake in TJX Companies by 42.7% during the 4th quarter. Northeast Investment Management now owns 119,393 shares of the apparel and home fashions retailer’s stock worth $14,424,000 after buying an additional 35,746 shares during the period. Empowered Funds LLC increased its holdings in shares of TJX Companies by 12.1% during the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock valued at $4,130,000 after acquiring an additional 3,691 shares in the last quarter. Advisory Resource Group acquired a new position in shares of TJX Companies during the fourth quarter worth approximately $315,000. Kingsview Wealth Management LLC lifted its holdings in shares of TJX Companies by 1.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 49,549 shares of the apparel and home fashions retailer’s stock worth $5,986,000 after purchasing an additional 865 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its position in TJX Companies by 6.6% in the 4th quarter. Apollon Wealth Management LLC now owns 33,450 shares of the apparel and home fashions retailer’s stock valued at $4,041,000 after purchasing an additional 2,058 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on TJX. Robert W. Baird raised their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley raised their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. Guggenheim raised their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Trading Down 1.2 %

Shares of TJX stock opened at $124.64 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market cap of $140.11 billion, a P/E ratio of 29.33, a PEG ratio of 2.82 and a beta of 0.91. The company has a 50 day moving average of $123.25 and a 200-day moving average of $118.67. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX) last released its 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period last year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. TJX Companies’s dividend payout ratio is presently 35.29%.

About TJX Companies

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.