427 Shares in The TJX Companies, Inc. (NYSE:TJX) Bought by Sierra Ocean LLC

Sierra Ocean LLC purchased a new position in The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 427 shares of the apparel and home fashions retailer’s stock, valued at approximately $52,000.

Several other large investors have also bought and sold shares of TJX. Pathway Financial Advisors LLC increased its holdings in TJX Companies by 3.0% in the fourth quarter. Pathway Financial Advisors LLC now owns 5,522 shares of the apparel and home fashions retailer’s stock worth $667,000 after purchasing an additional 161 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in TJX Companies by 0.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 10,617 shares of the apparel and home fashions retailer’s stock worth $1,283,000 after buying an additional 99 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in TJX Companies by 4.8% during the fourth quarter. J.W. Cole Advisors Inc. now owns 18,849 shares of the apparel and home fashions retailer’s stock worth $2,277,000 after buying an additional 862 shares in the last quarter. Valmark Advisers Inc. boosted its position in TJX Companies by 10.0% in the fourth quarter. Valmark Advisers Inc. now owns 2,890 shares of the apparel and home fashions retailer’s stock worth $349,000 after purchasing an additional 262 shares during the last quarter. Finally, WD Rutherford LLC boosted its position in TJX Companies by 16.9% in the fourth quarter. WD Rutherford LLC now owns 23,655 shares of the apparel and home fashions retailer’s stock worth $2,858,000 after purchasing an additional 3,421 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TJX shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. Jefferies Financial Group upped their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. 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 research report on Thursday, November 21st. Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Finally, Evercore ISI increased their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $133.53.

TJX Companies Stock Down 1.2 %

TJX Companies stock opened at $124.33 on Tuesday. The firm has a market cap of $139.77 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.82 and a beta of 0.91. The stock has a fifty day simple moving average of $123.17 and a two-hundred day simple moving average of $119.19. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. 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 quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS. Equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. TJX Companies’s dividend payout ratio (DPR) is currently 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.