Advisory Alpha LLC Acquires 498 Shares of The TJX Companies, Inc. (NYSE:TJX)

Advisory Alpha LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,446 shares of the apparel and home fashions retailer’s stock after purchasing an additional 498 shares during the period. Advisory Alpha LLC’s holdings in TJX Companies were worth $537,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Dakota Wealth Management lifted its position in TJX Companies by 7.0% during the 4th quarter. Dakota Wealth Management now owns 117,082 shares of the apparel and home fashions retailer’s stock worth $14,145,000 after buying an additional 7,695 shares in the last quarter. Barlow Wealth Partners Inc. raised its holdings in TJX Companies by 4.1% during the fourth quarter. Barlow Wealth Partners Inc. now owns 199,858 shares of the apparel and home fashions retailer’s stock worth $23,805,000 after acquiring an additional 7,912 shares in the last quarter. Simon Quick Advisors LLC boosted its position in TJX Companies by 7.5% during the fourth quarter. Simon Quick Advisors LLC now owns 9,517 shares of the apparel and home fashions retailer’s stock valued at $1,150,000 after purchasing an additional 664 shares during the last quarter. Aspire Private Capital LLC boosted its position in TJX Companies by 6.5% during the fourth quarter. Aspire Private Capital LLC now owns 6,402 shares of the apparel and home fashions retailer’s stock valued at $773,000 after purchasing an additional 391 shares during the last quarter. Finally, Howard Capital Management Group LLC increased its position in shares of TJX Companies by 4.5% during the 4th quarter. Howard Capital Management Group LLC now owns 241,832 shares of the apparel and home fashions retailer’s stock worth $29,216,000 after purchasing an additional 10,351 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. UBS Group lifted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Robert W. Baird boosted their price target on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $131.67.

TJX Companies Stock Performance

NYSE TJX opened at $122.56 on Thursday. The firm has a 50-day moving average price of $122.70 and a two-hundred day moving average price of $117.72. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The company has a market capitalization of $137.77 billion, a P/E ratio of 28.84, a P/E/G ratio of 3.02 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.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business 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 $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s 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.