Quent Capital LLC Has $642,000 Stake in The TJX Companies, Inc. (NYSE:TJX)

Quent Capital LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 11.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,310 shares of the apparel and home fashions retailer’s stock after buying an additional 551 shares during the period. Quent Capital LLC’s holdings in TJX Companies were worth $642,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the 4th quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies in the third quarter valued at $29,000. Truvestments Capital LLC bought a new position in TJX Companies in the third quarter worth $29,000. Copeland Capital Management LLC bought a new position in TJX Companies in the third quarter worth $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the third quarter worth $30,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Guggenheim increased their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird lifted their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft increased their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Stock Performance

TJX Companies stock opened at $124.66 on Wednesday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The stock has a 50-day simple moving average of $123.23 and a 200 day simple moving average of $118.85. 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 stock has a market capitalization of $140.14 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 2.82 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

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.