The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 49.4% during the fourth quarter, according to its most recent Form 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 period. Wealth Enhancement Advisory Services LLC owned 0.08% of TJX Companies worth $111,783,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TJX. Bogart Wealth LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $25,000. SOA Wealth Advisors LLC. purchased a new stake in shares of TJX Companies in the 4th quarter valued at approximately $30,000. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $30,000. Promus Capital LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $32,000. Finally, Tacita Capital Inc purchased a new stake in shares of TJX Companies during the 4th quarter valued at approximately $38,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TJX shares. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. increased their price target on TJX Companies from $127.00 to $130.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, TD Securities lifted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.65.

TJX Companies Stock Down 0.2%

Shares of TJX Companies stock traded down $0.28 during trading hours on Friday, reaching $126.79. 9,364,867 shares of the company were exchanged, compared to its average volume of 5,341,651. The firm has a market cap of $141.64 billion, a PE ratio of 29.83, a PEG ratio of 2.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a 1 year low of $102.90 and a 1 year high of $135.85. The stock's fifty day moving average is $126.74 and its 200 day moving average is $123.79.

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

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. 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 the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

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.