Meridian Wealth Management LLC Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Meridian Wealth Management LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,953 shares of the apparel and home fashions retailer’s stock after acquiring an additional 401 shares during the period. Meridian Wealth Management LLC’s holdings in TJX Companies were worth $961,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TJX. Howard Capital Management Group LLC lifted its holdings in shares of TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after purchasing an additional 69,489 shares during the last quarter. Gladstone Institutional Advisory LLC raised its holdings in TJX Companies by 14.4% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 2,159 shares of the apparel and home fashions retailer’s stock worth $254,000 after acquiring an additional 271 shares during the last quarter. World Equity Group Inc. purchased a new position in TJX Companies in the 3rd quarter worth approximately $245,000. Moloney Securities Asset Management LLC raised its holdings in TJX Companies by 20.4% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 6,529 shares of the apparel and home fashions retailer’s stock worth $767,000 after acquiring an additional 1,108 shares during the last quarter. Finally, Greenwood Capital Associates LLC raised its holdings in TJX Companies by 1,620.3% in the 3rd quarter. Greenwood Capital Associates LLC now owns 31,911 shares of the apparel and home fashions retailer’s stock worth $3,751,000 after acquiring an additional 30,056 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Trading Down 1.6 %

Shares of TJX Companies stock opened at $121.60 on Wednesday. The company has a market capitalization of $136.70 billion, a P/E ratio of 28.61, a P/E/G ratio of 2.75 and a beta of 0.91. 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 company has a fifty day moving average of $122.97 and a 200 day moving average of $120.25. 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 issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed 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 dividend yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.21%.

Insider Buying and Selling at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the subject of a number of recent analyst reports. Barclays boosted their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. UBS Group lifted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets lifted their target price on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $135.06.

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.