Werba Rubin Papier Wealth Management Boosts Position in The TJX Companies, Inc. (NYSE:TJX)

Werba Rubin Papier Wealth Management lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,326 shares of the apparel and home fashions retailer’s stock after purchasing an additional 173 shares during the period. Werba Rubin Papier Wealth Management’s holdings in TJX Companies were worth $281,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Global Retirement Partners LLC grew its holdings in shares of TJX Companies by 29.0% during the 4th quarter. Global Retirement Partners LLC now owns 11,956 shares of the apparel and home fashions retailer’s stock worth $1,444,000 after acquiring an additional 2,688 shares during the period. Atlas Legacy Advisors LLC purchased a new stake in TJX Companies in the fourth quarter worth $433,000. Bank of Jackson Hole Trust bought a new position in TJX Companies in the fourth quarter worth $54,000. New York State Common Retirement Fund lifted its position in TJX Companies by 2.6% during the fourth quarter. New York State Common Retirement Fund now owns 1,618,108 shares of the apparel and home fashions retailer’s stock valued at $195,484,000 after buying an additional 40,900 shares during the period. Finally, Prossimo Advisors LLC boosted its holdings in shares of TJX Companies by 13.1% during the 4th quarter. Prossimo Advisors LLC now owns 9,385 shares of the apparel and home fashions retailer’s stock valued at $1,134,000 after buying an additional 1,088 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.4 %

TJX Companies stock opened at $123.82 on Wednesday. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a market cap of $139.20 billion, a P/E ratio of 29.13, a P/E/G ratio of 2.78 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $123.07 and a two-hundred day simple moving average of $119.34.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for 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 company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. Analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current 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 issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. UBS Group upped their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Wells Fargo & Company lifted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Robert W. Baird increased their target price on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, TD Cowen lifted their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.53.

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.