Insight Wealth Strategies LLC Has $747,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Insight Wealth Strategies LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,187 shares of the apparel and home fashions retailer’s stock after selling 280 shares during the period. Insight Wealth Strategies LLC’s holdings in TJX Companies were worth $747,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in TJX Companies during the third quarter worth $29,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth about $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at about $30,000. Finally, Northwest Investment Counselors LLC acquired a new stake in TJX Companies in the 3rd quarter valued at about $37,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft increased their price objective 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. Evercore ISI lifted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, Guggenheim raised their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $130.89.

TJX Companies Stock Up 0.2 %

NYSE:TJX traded up $0.19 during trading hours on Monday, hitting $120.92. 2,226,575 shares of the company traded hands, compared to its average volume of 3,149,269. The TJX Companies, Inc. has a one year low of $91.59 and a one year high of $128.00. 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 company has a market cap of $135.93 billion, a PE ratio of 28.45, a PEG ratio of 3.07 and a beta of 0.90. The firm’s 50-day simple moving average is $121.31 and its 200-day simple moving average is $116.85.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the firm earned $1.03 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. Equities 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 declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

TJX Companies Company 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.