Hemington Wealth Management Acquires 108 Shares of The TJX Companies, Inc. (NYSE:TJX)

Hemington Wealth Management grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 10.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,138 shares of the apparel and home fashions retailer’s stock after purchasing an additional 108 shares during the quarter. Hemington Wealth Management’s holdings in TJX Companies were worth $137,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TJX. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the 4th quarter worth $26,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies in the 3rd quarter worth approximately $29,000. Legacy Investment Solutions LLC bought a new position in shares of TJX Companies during the third quarter valued at approximately $30,000. Truvestments Capital LLC bought a new position in TJX Companies in the third quarter worth approximately $29,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in TJX Companies during the fourth quarter worth $30,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $124.45 on Thursday. 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 company has a fifty day moving average of $123.22 and a two-hundred day moving average of $118.94. The stock has a market capitalization of $139.90 billion, a PE ratio of 29.28, a P/E/G ratio of 2.82 and a beta of 0.91. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00.

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

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.21%. TJX Companies’s dividend payout ratio is presently 35.29%.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group increased their target price on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Morgan Stanley raised their target price 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. TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Jefferies Financial Group lifted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.53.

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.