Stratos Wealth Partners LTD. Buys 531 Shares of The TJX Companies, Inc. (NYSE:TJX)

Stratos Wealth Partners LTD. boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.6% during the 4th quarter, HoldingsChannel reports. The fund owned 34,231 shares of the apparel and home fashions retailer’s stock after acquiring an additional 531 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in TJX Companies were worth $4,136,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies during the fourth quarter worth about $26,000. Capital Performance Advisors LLP bought a new stake in TJX Companies in the 3rd quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new position in TJX Companies during the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies in the third quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies in the third quarter worth $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TJX shares. Morgan Stanley boosted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. 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. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. TD Cowen increased their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Robert W. Baird boosted their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Stock Performance

TJX opened at $126.20 on Friday. 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 business has a fifty day simple moving average of $123.27 and a 200 day simple moving average of $118.53. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a market capitalization of $141.87 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91.

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

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio is presently 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.