Steward Partners Investment Advisory LLC Has $20.24 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Steward Partners Investment Advisory LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 167,502 shares of the apparel and home fashions retailer’s stock after buying an additional 14,925 shares during the period. Steward Partners Investment Advisory LLC’s holdings in TJX Companies were worth $20,236,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Meridian Wealth Management LLC lifted its holdings in TJX Companies by 5.3% in the fourth quarter. Meridian Wealth Management LLC now owns 7,953 shares of the apparel and home fashions retailer’s stock valued at $961,000 after buying an additional 401 shares during the period. Fidelis Capital Partners LLC raised its holdings in TJX Companies by 10.2% in the fourth quarter. Fidelis Capital Partners LLC now owns 23,910 shares of the apparel and home fashions retailer’s stock worth $2,972,000 after purchasing an additional 2,205 shares during the period. DJE Kapital AG acquired a new stake in TJX Companies in the fourth quarter worth $140,068,000. Plato Investment Management Ltd raised its holdings in TJX Companies by 17.4% in the fourth quarter. Plato Investment Management Ltd now owns 44,626 shares of the apparel and home fashions retailer’s stock worth $5,411,000 after purchasing an additional 6,611 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in TJX Companies in the fourth quarter worth $89,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies 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 the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TJX shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Robert W. Baird increased their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. UBS Group increased their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays raised 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. Finally, Jefferies Financial Group raised their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Stock Down 1.2 %

TJX Companies stock opened at $123.32 on Tuesday. The company has a market cap of $138.63 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a fifty day simple moving average of $123.01 and a 200 day simple moving average of $120.18. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The business 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%. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders 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 is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.21%.

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.