Pure Financial Advisors LLC Purchases 372 Shares of The TJX Companies, Inc. (NYSE:TJX)

Pure Financial Advisors LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.2% during the 4th quarter, HoldingsChannel reports. The fund owned 7,592 shares of the apparel and home fashions retailer’s stock after acquiring an additional 372 shares during the quarter. Pure Financial Advisors LLC’s holdings in TJX Companies were worth $917,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TJX. State Street Corp lifted its position in TJX Companies by 1.0% in the third quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock valued at $5,589,783,000 after purchasing an additional 469,287 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of TJX Companies by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock valued at $2,795,121,000 after purchasing an additional 363,707 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of TJX Companies by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after acquiring an additional 3,063,318 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in TJX Companies by 7.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock worth $1,079,319,000 after purchasing an additional 643,833 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of TJX Companies by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock worth $837,951,000 after acquiring an additional 657,529 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on TJX shares. Guggenheim lifted their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. TD Cowen boosted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Robert W. Baird raised their price target on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group increased their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Stock Performance

NYSE TJX opened at $123.23 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The business has a 50-day moving average price of $122.64 and a 200-day moving average price of $117.64. The firm has a market cap of $138.52 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results 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. The business had revenue of $14.06 billion during 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 firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 EPS. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued 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 yield of 1.22%. TJX Companies’s dividend payout ratio 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.