Hohimer Wealth Management LLC Takes $632,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Hohimer Wealth Management LLC acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,188 shares of the apparel and home fashions retailer's stock, valued at approximately $632,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after buying an additional 235 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of TJX Companies by 62.3% in the 4th quarter. Proficio Capital Partners LLC now owns 4,473 shares of the apparel and home fashions retailer's stock valued at $540,000 after buying an additional 1,717 shares in the last quarter. Twin Tree Management LP boosted its holdings in shares of TJX Companies by 226.6% in the 4th quarter. Twin Tree Management LP now owns 189,501 shares of the apparel and home fashions retailer's stock valued at $22,894,000 after buying an additional 339,203 shares in the last quarter. Finally, Cibc World Markets Corp boosted its stake in TJX Companies by 16.0% during the 4th quarter. Cibc World Markets Corp now owns 177,951 shares of the apparel and home fashions retailer's stock worth $21,498,000 after purchasing an additional 24,561 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TJX shares. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Loop Capital set a $150.00 price target on TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. increased their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, UBS Group reiterated a "buy" rating and set a $164.00 price target (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $141.06.

TJX Companies Stock Performance

Shares of TJX stock traded down $1.57 during trading hours on Wednesday, reaching $120.17. The stock had a trading volume of 2,422,490 shares, compared to its average volume of 5,365,659. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85. The firm has a 50-day simple moving average of $126.58 and a 200-day simple moving average of $124.10. The firm has a market capitalization of $134.24 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 2.88 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter last year, the company earned $0.93 EPS. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.41%. TJX Companies's dividend payout ratio is presently 40.00%.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the transaction, the director owned 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

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.