Fairvoy Private Wealth LLC Buys Shares of 25,591 The TJX Companies, Inc. (NYSE:TJX)

Fairvoy Private Wealth LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, HoldingsChannel.com reports. The firm bought 25,591 shares of the apparel and home fashions retailer’s stock, valued at approximately $3,092,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Artemis Investment Management LLP increased its position in TJX Companies by 59.2% during the 3rd quarter. Artemis Investment Management LLP now owns 53,354 shares of the apparel and home fashions retailer’s stock valued at $6,271,000 after purchasing an additional 19,842 shares during the period. Brookstone Capital Management lifted its holdings in shares of TJX Companies by 5.9% in the 3rd quarter. Brookstone Capital Management now owns 13,113 shares of the apparel and home fashions retailer’s stock worth $1,541,000 after purchasing an additional 733 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in TJX Companies by 17.6% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,903 shares of the apparel and home fashions retailer’s stock valued at $576,000 after buying an additional 734 shares during the last quarter. Daymark Wealth Partners LLC raised its position in TJX Companies by 12.9% in the 3rd quarter. Daymark Wealth Partners LLC now owns 18,226 shares of the apparel and home fashions retailer’s stock valued at $2,142,000 after buying an additional 2,087 shares during the last quarter. Finally, CWM LLC raised its position in TJX Companies by 200.9% in the 3rd quarter. CWM LLC now owns 292,033 shares of the apparel and home fashions retailer’s stock valued at $34,326,000 after buying an additional 194,976 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX opened at $126.20 on Friday. 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 TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The stock has a market capitalization of $141.87 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91. The stock’s 50 day moving average price is $123.27 and its 200-day moving average price is $118.53.

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

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given 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 dividend yield of 1.19%. TJX Companies’s dividend payout ratio is presently 35.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. TD Cowen raised their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Wells Fargo & Company lifted their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. UBS Group lifted their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $133.53.

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.