Vest Financial LLC Purchases New Stake in The TJX Companies, Inc. (NYSE:TJX)

Vest Financial LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,554 shares of the apparel and home fashions retailer’s stock, valued at approximately $792,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in TJX Companies by 358.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,155 shares of the apparel and home fashions retailer’s stock worth $1,075,000 after buying an additional 7,159 shares during the last quarter. Ritholtz Wealth Management lifted its stake in TJX Companies by 1.7% during the third quarter. Ritholtz Wealth Management now owns 16,555 shares of the apparel and home fashions retailer’s stock worth $1,946,000 after purchasing an additional 283 shares during the last quarter. HCR Wealth Advisors boosted its holdings in TJX Companies by 64.5% in the third quarter. HCR Wealth Advisors now owns 3,188 shares of the apparel and home fashions retailer’s stock worth $375,000 after purchasing an additional 1,250 shares during the period. Exchange Traded Concepts LLC increased its stake in TJX Companies by 2,353.0% during the third quarter. Exchange Traded Concepts LLC now owns 22,617 shares of the apparel and home fashions retailer’s stock valued at $2,658,000 after purchasing an additional 21,695 shares during the last quarter. Finally, CHICAGO TRUST Co NA raised its holdings in shares of TJX Companies by 14.0% during the third quarter. CHICAGO TRUST Co NA now owns 2,859 shares of the apparel and home fashions retailer’s stock worth $336,000 after purchasing an additional 352 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 1.2 %

TJX Companies stock opened at $124.64 on Monday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. 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 $140.11 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The firm has a 50 day simple moving average of $123.25 and a 200-day simple moving average of $118.70.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the company posted $1.03 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Morgan Stanley lifted their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Jefferies Financial Group increased their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. UBS Group boosted their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Wells Fargo & Company increased 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. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $133.53.

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.