Foundations Investment Advisors LLC Acquires 1,031 Shares of The TJX Companies, Inc. (NYSE:TJX)

Foundations Investment Advisors LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 47,029 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,031 shares during the quarter. Foundations Investment Advisors LLC’s holdings in TJX Companies were worth $5,682,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the third quarter worth about $29,000. Truvestments Capital LLC bought a new stake in TJX Companies during the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the third quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $124.89 on Tuesday. The stock’s fifty day moving average is $122.84 and its 200 day moving average is $117.94. 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 TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The stock has a market cap of $140.39 billion, a P/E ratio of 29.38, a P/E/G ratio of 3.00 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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 firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period last year, the firm earned $1.03 EPS. The company’s revenue was up 6.0% on a year-over-year basis. Sell-side 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 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 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TJX. Robert W. Baird lifted their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Morgan Stanley increased their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Finally, UBS Group upped their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Company 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.