Geneos Wealth Management Inc. Purchases Shares of 5,777 The TJX Companies, Inc. (NYSE:TJX)

Geneos Wealth Management Inc. acquired a new position in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,777 shares of the apparel and home fashions retailer’s stock, valued at approximately $698,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TJX. Cottonwood Capital Advisors LLC purchased a new position in TJX Companies during the 4th quarter worth approximately $227,000. Exchange Traded Concepts LLC boosted its stake in shares of TJX Companies by 2.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 23,147 shares of the apparel and home fashions retailer’s stock worth $2,796,000 after buying an additional 530 shares during the last quarter. CX Institutional grew its holdings in TJX Companies by 20.6% during the fourth quarter. CX Institutional now owns 57,471 shares of the apparel and home fashions retailer’s stock worth $6,943,000 after acquiring an additional 9,824 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in TJX Companies by 2.6% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 287,416 shares of the apparel and home fashions retailer’s stock worth $34,803,000 after purchasing an additional 7,150 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. lifted its stake in shares of TJX Companies by 3.3% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,915 shares of the apparel and home fashions retailer’s stock valued at $352,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $124.89 on Tuesday. 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 business’s 50 day moving average price is $122.84 and its 200 day moving average price is $117.94. The company has a market cap of $140.39 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 3.00 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.

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 for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the previous year, the company posted $1.03 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Deutsche Bank Aktiengesellschaft boosted 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. Robert W. Baird increased their target price on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Jefferies Financial Group boosted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

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.