Advisor OS LLC Purchases 395 Shares of The TJX Companies, Inc. (NYSE:TJX)

Advisor OS LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 15.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,019 shares of the apparel and home fashions retailer’s stock after buying an additional 395 shares during the period. Advisor OS LLC’s holdings in TJX Companies were worth $365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TJX. Lake Street Advisors Group LLC increased its position in TJX Companies by 1.7% during the fourth quarter. Lake Street Advisors Group LLC now owns 20,888 shares of the apparel and home fashions retailer’s stock worth $2,523,000 after buying an additional 348 shares during the last quarter. FFT Wealth Management LLC increased its position in TJX Companies by 10.5% during the fourth quarter. FFT Wealth Management LLC now owns 260,734 shares of the apparel and home fashions retailer’s stock worth $31,499,000 after buying an additional 24,857 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in TJX Companies by 3.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 216,101 shares of the apparel and home fashions retailer’s stock worth $26,107,000 after buying an additional 7,269 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of TJX Companies by 0.4% during the fourth quarter. Amalgamated Bank now owns 250,053 shares of the apparel and home fashions retailer’s stock worth $30,209,000 after acquiring an additional 970 shares during the period. Finally, FourThought Financial Partners LLC bought a new stake in shares of TJX Companies during the fourth quarter worth approximately $778,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TJX shares. Deutsche Bank Aktiengesellschaft boosted 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. Guggenheim boosted their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company upped their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. TD Cowen upped their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, BMO Capital Markets upped their target price on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $135.06.

TJX Companies Stock Performance

NYSE TJX opened at $123.49 on Friday. The company has a market capitalization of $138.82 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 2.75 and a beta of 0.91. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The stock has a fifty day simple moving average of $122.92 and a 200 day simple moving average of $119.86. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.21%. TJX Companies’s payout ratio is 35.29%.

TJX Companies 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.