Wingate Wealth Advisors Inc. Invests $139,000 in The TJX Companies, Inc. (NYSE:TJX)

Wingate Wealth Advisors Inc. bought a new stake in The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, HoldingsChannel reports. The fund bought 1,153 shares of the apparel and home fashions retailer’s stock, valued at approximately $139,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Savant Capital LLC grew its stake in shares of TJX Companies by 7.7% in the fourth quarter. Savant Capital LLC now owns 32,282 shares of the apparel and home fashions retailer’s stock worth $3,900,000 after purchasing an additional 2,299 shares in the last quarter. Harbour Trust & Investment Management Co lifted its holdings in TJX Companies by 0.9% in the fourth quarter. Harbour Trust & Investment Management Co now owns 78,748 shares of the apparel and home fashions retailer’s stock worth $9,514,000 after purchasing an additional 674 shares during the period. Canvas Wealth Advisors LLC grew its position in TJX Companies by 9.8% in the 4th quarter. Canvas Wealth Advisors LLC now owns 1,908 shares of the apparel and home fashions retailer’s stock valued at $231,000 after buying an additional 171 shares in the last quarter. Stiles Financial Services Inc grew its position in TJX Companies by 2.6% in the 4th quarter. Stiles Financial Services Inc now owns 27,551 shares of the apparel and home fashions retailer’s stock valued at $3,328,000 after buying an additional 690 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its stake in TJX Companies by 46.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 8,554 shares of the apparel and home fashions retailer’s stock valued at $1,033,000 after buying an additional 2,723 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TJX. UBS Group increased their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley boosted their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, Robert W. Baird lifted their target price on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $133.53.

TJX Companies Stock Performance

TJX Companies stock opened at $124.64 on Monday. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The firm’s 50 day simple moving average is $123.25 and its 200-day simple moving average is $118.70. 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 company has a market cap of $140.11 billion, a P/E ratio of 29.33, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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 firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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 paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

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.