The TJX Companies, Inc. (NYSE:TJX) Shares Bought by IFP Advisors Inc

IFP Advisors Inc grew its position in The TJX Companies, Inc. (NYSE:TJX) by 11.4% during the fourth quarter, Holdings Channel reports. The firm owned 19,302 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,980 shares during the period. IFP Advisors Inc’s holdings in TJX Companies were worth $2,332,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of TJX. Bogart Wealth LLC acquired a new position in shares of TJX Companies in the fourth quarter valued at about $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies in the fourth quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies in the third quarter valued at about $29,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies in the third quarter valued at about $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies in the third quarter valued at about $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Up 1.0 %

TJX Companies stock opened at $122.71 on Wednesday. The stock has a market capitalization of $137.94 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The business has a 50 day simple moving average of $122.80 and a 200-day simple moving average of $119.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies Announces Dividend

The firm 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 of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. 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 report on Friday, January 10th. Robert W. Baird raised their target price on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Jefferies Financial Group lifted their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley lifted their price target 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, Deutsche Bank Aktiengesellschaft lifted their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.18.

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.