NewSquare Capital LLC Purchases 349 Shares of The TJX Companies, Inc. (NYSE:TJX)

NewSquare Capital LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,404 shares of the apparel and home fashions retailer’s stock after acquiring an additional 349 shares during the period. NewSquare Capital LLC’s holdings in TJX Companies were worth $1,015,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC acquired a new stake in TJX Companies in the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the fourth quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies in the third quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies in the third quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies in the third quarter valued at approximately $30,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $121.60 on Wednesday. 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 stock has a market cap of $136.70 billion, a PE ratio of 28.61, a PEG ratio of 2.75 and a beta of 0.91. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The business has a 50-day simple moving average of $122.97 and a two-hundred day simple moving average of $120.25.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. TJX Companies’s dividend payout ratio is 35.21%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. TD Cowen lifted their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Barclays boosted their price target on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Evercore ISI increased their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, BMO Capital Markets increased their price target on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.06.

Insider Activity at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

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.