Welch Group LLC Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Welch Group LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,719 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,717 shares during the period. Welch Group LLC’s holdings in TJX Companies were worth $8,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Hartford Funds Management Co LLC increased its position in TJX Companies by 0.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after buying an additional 86 shares in the last quarter. Stablepoint Partners LLC grew its stake in shares of TJX Companies by 0.3% during the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock worth $3,164,000 after acquiring an additional 89 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in shares of TJX Companies by 3.4% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock valued at $318,000 after acquiring an additional 90 shares in the last quarter. Hamilton Capital LLC raised its position in shares of TJX Companies by 3.9% in the 3rd quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock valued at $273,000 after purchasing an additional 90 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in TJX Companies by 3.8% in the 3rd quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer’s stock worth $295,000 after purchasing an additional 91 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

TJX opened at $124.31 on Tuesday. The company has a market cap of $139.74 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 3.05 and a beta of 0.91. The firm’s fifty day simple moving average is $123.32 and its two-hundred day simple moving average is $118.31. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Jefferies Financial Group raised their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. TD Cowen increased their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. UBS Group lifted their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $131.67.

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.