Apollon Wealth Management LLC Purchases 2,058 Shares of The TJX Companies, Inc. (NYSE:TJX)

Apollon Wealth Management LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,450 shares of the apparel and home fashions retailer’s stock after buying an additional 2,058 shares during the quarter. 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 recently made changes to their positions in the company. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies during the third quarter worth $29,000. Truvestments Capital LLC bought a new stake in TJX Companies during the 3rd quarter valued at $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies in the 3rd quarter valued at $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in TJX Companies in the third quarter valued at about $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TJX shares. Guggenheim raised their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. UBS Group increased their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. TD Cowen upped their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Morgan Stanley boosted their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.53.

TJX Companies Stock Performance

NYSE TJX opened at $124.64 on Friday. The firm has a market capitalization of $140.11 billion, a P/E ratio of 29.33, a PEG ratio of 2.82 and a beta of 0.91. The stock has a 50-day simple moving average of $123.25 and a two-hundred day simple moving average of $118.67. 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 TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week 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. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $1.03 earnings per share. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

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

About TJX Companies

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.