Kestra Private Wealth Services LLC Purchases 7,109 Shares of The TJX Companies, Inc. (NYSE:TJX)

Kestra Private Wealth Services LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 29.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,498 shares of the apparel and home fashions retailer’s stock after purchasing an additional 7,109 shares during the period. Kestra Private Wealth Services LLC’s holdings in TJX Companies were worth $3,805,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TJX. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the 3rd quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new position in TJX Companies in the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC bought a new position in TJX Companies in the 3rd quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new position in TJX Companies in the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.2 %

NYSE TJX opened at $124.92 on Tuesday. 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. The firm has a market capitalization of $140.43 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 2.82 and a beta of 0.91. The company has a fifty day moving average of $123.25 and a two-hundred day moving average of $118.76.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS 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 firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the previous year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm 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 dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. TJX Companies’s dividend payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TJX. Morgan Stanley boosted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. UBS Group boosted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Evercore ISI raised their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company raised their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.