Sovran Advisors LLC Buys New Stake in The TJX Companies, Inc. (NYSE:TJX)

Sovran Advisors LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,318 shares of the apparel and home fashions retailer’s stock, valued at approximately $515,000.

Several other large investors have also recently added to or reduced their stakes in TJX. Creative Planning raised its holdings in shares of TJX Companies by 5.5% during the 3rd quarter. Creative Planning now owns 323,654 shares of the apparel and home fashions retailer’s stock valued at $38,042,000 after buying an additional 16,883 shares during the period. Occidental Asset Management LLC acquired a new stake in TJX Companies in the third quarter valued at approximately $239,000. Magnus Financial Group LLC grew its position in TJX Companies by 5.8% in the third quarter. Magnus Financial Group LLC now owns 4,363 shares of the apparel and home fashions retailer’s stock valued at $513,000 after acquiring an additional 241 shares in the last quarter. Petredis Investment Advisors LLC raised its stake in shares of TJX Companies by 0.3% during the third quarter. Petredis Investment Advisors LLC now owns 55,507 shares of the apparel and home fashions retailer’s stock valued at $6,524,000 after purchasing an additional 160 shares during the period. Finally, Brady Family Wealth LLC lifted its position in shares of TJX Companies by 2.3% during the third quarter. Brady Family Wealth LLC now owns 38,888 shares of the apparel and home fashions retailer’s stock worth $4,571,000 after purchasing an additional 888 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TJX has been the subject of a number of recent analyst reports. Robert W. Baird raised their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Telsey Advisory Group restated an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Evercore ISI boosted their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Stock Down 0.2 %

Shares of NYSE:TJX opened at $124.45 on Thursday. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company’s fifty day moving average is $123.22 and its two-hundred day moving average is $118.94. 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 stock has a market capitalization of $139.90 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping 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 analyst estimates of $13.95 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS 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 issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

About TJX Companies

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.