Global Wealth Management Investment Advisory Inc. Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

Global Wealth Management Investment Advisory Inc. raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,204 shares of the apparel and home fashions retailer’s stock after acquiring an additional 974 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in TJX Companies were worth $1,837,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies during the 4th quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies in the third quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies during the 3rd quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the 3rd quarter worth $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $124.64 on Monday. The firm has a 50-day simple moving average of $123.25 and a two-hundred day simple moving average of $118.70. The stock has a market cap of $140.11 billion, a PE ratio of 29.33, a P/E/G ratio of 2.82 and a beta of 0.91. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year 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.

TJX Companies (NYSE:TJX) last announced its 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 company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current 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 paid 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 yield of 1.20%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TJX. Guggenheim lifted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft increased their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. UBS Group boosted their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Wells Fargo & Company raised their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Finally, Evercore ISI increased their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.53.

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.