McGlone Suttner Wealth Management Inc. Purchases 94 Shares of The TJX Companies, Inc. (NYSE:TJX)

McGlone Suttner Wealth Management Inc. increased its position in The TJX Companies, Inc. (NYSE:TJX) by 3.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,915 shares of the apparel and home fashions retailer’s stock after acquiring an additional 94 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in TJX Companies were worth $352,000 as of its most recent SEC filing.

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

TJX Companies Stock Up 0.1 %

Shares of TJX stock opened at $122.75 on Friday. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a fifty day moving average price of $122.73 and a 200 day moving average price of $117.75. The stock has a market cap of $137.99 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed 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 1.22%. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Ratings Changes

TJX has been the topic of a number of recent analyst reports. TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Robert W. Baird lifted their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. Jefferies Financial Group raised their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Evercore ISI boosted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

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.