Apollon Wealth Management LLC Raises Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Apollon Wealth Management LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,450 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,058 shares during the period. Apollon Wealth Management LLC’s holdings in TJX Companies were worth $4,041,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Hartford Funds Management Co LLC grew its holdings in shares of TJX Companies by 0.5% during the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock worth $2,107,000 after buying an additional 86 shares in the last quarter. Stablepoint Partners LLC grew its stake in TJX Companies by 0.3% during the 3rd quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock valued at $3,164,000 after acquiring an additional 89 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in TJX Companies by 3.4% in the 3rd 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 during the last quarter. Hamilton Capital LLC lifted its stake in 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 worth $273,000 after purchasing an additional 90 shares in the last quarter. Finally, Sound Income Strategies LLC lifted 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. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $124.64 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm’s fifty day simple moving average is $123.25 and its 200-day simple moving average is $118.67. The firm has a market capitalization of $140.11 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 2.82 and a beta of 0.91. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

TJX Companies (NYSE:TJX) last announced 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 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 business earned $1.03 EPS. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.20%. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Guggenheim boosted their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Robert W. Baird upped their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, Evercore ISI lifted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Two investment 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, the stock currently has an average rating of “Moderate Buy” and an average 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.