Wealth Enhancement Advisory Services LLC Has $111.78 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Wealth Enhancement Advisory Services LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 49.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 925,279 shares of the apparel and home fashions retailer's stock after buying an additional 305,942 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.08% of TJX Companies worth $111,783,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TJX. Brighton Jones LLC increased its stake in TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after acquiring an additional 8,002 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of TJX Companies in the fourth quarter worth about $698,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of TJX Companies by 25.1% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,869 shares of the apparel and home fashions retailer's stock valued at $588,000 after buying an additional 976 shares in the last quarter. Drive Wealth Management LLC raised its holdings in shares of TJX Companies by 3.7% during the 4th quarter. Drive Wealth Management LLC now owns 3,713 shares of the apparel and home fashions retailer's stock valued at $449,000 after buying an additional 133 shares during the period. Finally, Cornerstone Wealth Group LLC lifted its position in TJX Companies by 3.7% during the 4th quarter. Cornerstone Wealth Group LLC now owns 5,309 shares of the apparel and home fashions retailer's stock worth $641,000 after acquiring an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

NYSE TJX traded down $0.28 on Friday, reaching $126.79. 9,364,867 shares of the stock traded hands, compared to its average volume of 5,254,415. The TJX Companies, Inc. has a 12 month low of $103.70 and a 12 month high of $135.85. The company has a market cap of $141.64 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 2.75 and a beta of 0.94. The firm's fifty day simple moving average is $126.88 and its 200 day simple moving average is $123.88. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same period in the previous year, the business earned $0.93 earnings per share. TJX Companies's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a $0.425 dividend. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.34%. TJX Companies's payout ratio is 40.00%.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on TJX. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. UBS Group reissued a "buy" rating and set a $164.00 price objective (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Robert W. Baird upped their price target on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and an average price target of $140.65.

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.