GenTrust LLC Raises Stock Position in The TJX Companies, Inc. (NYSE:TJX)

GenTrust LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 8.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,539 shares of the apparel and home fashions retailer’s stock after buying an additional 271 shares during the period. GenTrust LLC’s holdings in TJX Companies were worth $428,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TJX. Howard Capital Management Group LLC increased its stake in TJX Companies by 42.9% in the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after buying an additional 69,489 shares in the last quarter. Fortitude Family Office LLC increased its stake in TJX Companies by 48.9% in the 3rd quarter. Fortitude Family Office LLC now owns 697 shares of the apparel and home fashions retailer’s stock worth $82,000 after buying an additional 229 shares in the last quarter. Integrated Advisors Network LLC increased its stake in TJX Companies by 11.1% in the 3rd quarter. Integrated Advisors Network LLC now owns 5,384 shares of the apparel and home fashions retailer’s stock worth $633,000 after buying an additional 538 shares in the last quarter. MONECO Advisors LLC increased its stake in TJX Companies by 3.4% in the 3rd quarter. MONECO Advisors LLC now owns 4,815 shares of the apparel and home fashions retailer’s stock worth $566,000 after buying an additional 159 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its stake in TJX Companies by 2.2% in the 3rd quarter. Fidelis Capital Partners LLC now owns 21,705 shares of the apparel and home fashions retailer’s stock worth $2,479,000 after buying an additional 465 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on TJX. 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 report on Thursday, November 21st. Wells Fargo & Company increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Evercore ISI increased their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Robert W. Baird increased their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Morgan Stanley increased their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Two investment 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 company has an average rating of “Moderate Buy” and an average target price of $134.18.

TJX Companies Stock Performance

Shares of TJX stock opened at $124.80 on Thursday. The business’s fifty day simple moving average is $122.87 and its 200-day simple moving average is $119.84. The company has a market cap of $140.29 billion, a PE ratio of 29.36, a PEG ratio of 2.75 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

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

TJX Companies Announces Dividend

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 issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

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.