Hengehold Capital Management LLC Buys 1,498 Shares of The TJX Companies, Inc. (NYSE:TJX)

Hengehold Capital Management LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 43.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,951 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,498 shares during the period. Hengehold Capital Management LLC’s holdings in TJX Companies were worth $598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in TJX Companies by 3.2% in the second quarter. AQR Capital Management LLC now owns 740,531 shares of the apparel and home fashions retailer’s stock worth $81,532,000 after purchasing an additional 23,070 shares during the last quarter. Ameriprise Financial Inc. grew its position in TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after acquiring an additional 3,063,318 shares in the last quarter. DoubleLine ETF Adviser LP bought a new stake in TJX Companies during the second quarter worth about $3,343,000. Daymark Wealth Partners LLC increased its position in shares of TJX Companies by 16.9% during the 2nd quarter. Daymark Wealth Partners LLC now owns 16,139 shares of the apparel and home fashions retailer’s stock valued at $1,777,000 after purchasing an additional 2,334 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in shares of TJX Companies during the 2nd quarter valued at about $454,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.1 %

TJX Companies stock opened at $122.75 on Friday. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The business’s fifty day moving average is $122.73 and its 200 day moving average is $117.75. 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 stock has a market capitalization of $137.99 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business 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 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 1.22%. TJX Companies’s payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

TJX has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Robert W. Baird upped their price target 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. TD Cowen boosted their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Morgan Stanley boosted their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday. 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 MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

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.