Wealthedge Investment Advisors LLC Takes $272,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Wealthedge Investment Advisors LLC acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,251 shares of the apparel and home fashions retailer's stock, valued at approximately $272,000.

A number of other institutional investors and hedge funds have also modified their holdings of TJX. Wood Tarver Financial Group LLC bought a new stake in shares of TJX Companies in the fourth quarter worth $67,000. TFR Capital LLC. bought a new stake in shares of TJX Companies in the fourth quarter worth $1,311,000. Park Square Financial Group LLC bought a new stake in shares of TJX Companies in the fourth quarter worth $157,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of TJX Companies in the fourth quarter worth $136,753,000. Finally, Brucke Financial Inc. bought a new stake in shares of TJX Companies in the fourth quarter worth $363,000. Institutional investors own 91.09% of the company's stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated Wednesday, March 5th. The stock was 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. This trade represents a 4.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Down 0.2%

Shares of TJX traded down $0.28 during midday trading on Friday, hitting $126.79. 9,364,867 shares of the company's stock traded hands, compared to its average volume of 5,341,651. The stock has a market capitalization of $141.64 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. 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 firm's fifty day moving average is $126.88 and its 200-day moving average is $123.84. The TJX Companies, Inc. has a 1 year low of $102.90 and a 1 year high of $135.85.

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

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Analyst Upgrades and Downgrades

TJX has been the topic of several analyst reports. UBS Group reiterated a "buy" rating and set a $164.00 target price (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Loop Capital set a $150.00 target price on TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating and set a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. upped their target price on TJX Companies from $127.00 to $130.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of "Moderate Buy" and a consensus price target of $140.65.

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.