Kwmg LLC Has $8.02 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Kwmg LLC lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,418 shares of the apparel and home fashions retailer’s stock after selling 2,401 shares during the quarter. Kwmg LLC’s holdings in TJX Companies were worth $8,024,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in TJX Companies during the third quarter valued at $29,000. Truvestments Capital LLC purchased a new position in TJX Companies during the third quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies in the 3rd quarter valued at approximately $30,000. Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies during the third quarter worth $30,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX stock traded down $0.10 during trading on Monday, hitting $119.96. 2,648,175 shares of the stock traded hands, compared to its average volume of 4,225,676. 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 stock has a market cap of $134.85 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 3.07 and a beta of 0.91. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company has a 50 day simple moving average of $122.06 and a 200 day simple moving average of $117.21.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data 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. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. TJX Companies’s payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Telsey Advisory Group restated an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. TD Cowen upped their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, UBS Group lifted their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $131.33.

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.