Fortune Financial Advisors LLC Purchases 415 Shares of The TJX Companies, Inc. (NYSE:TJX)

Fortune Financial Advisors LLC boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,702 shares of the apparel and home fashions retailer’s stock after purchasing an additional 415 shares during the period. Fortune Financial Advisors LLC’s holdings in TJX Companies were worth $1,172,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TJX. Algert Global LLC boosted its position in TJX Companies by 36.8% in the second quarter. Algert Global LLC now owns 4,608 shares of the apparel and home fashions retailer’s stock valued at $507,000 after buying an additional 1,240 shares in the last quarter. Advisory Alpha LLC lifted its stake in shares of TJX Companies by 19.9% in the 2nd quarter. Advisory Alpha LLC now owns 3,353 shares of the apparel and home fashions retailer’s stock valued at $369,000 after acquiring an additional 556 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of TJX Companies by 14.3% during the 2nd quarter. Cetera Investment Advisers now owns 274,022 shares of the apparel and home fashions retailer’s stock valued at $30,170,000 after acquiring an additional 34,256 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in TJX Companies during the 2nd quarter worth $14,718,000. Finally, Heritage Wealth Management Inc. acquired a new position in TJX Companies in the 2nd quarter worth about $207,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Robert W. Baird lifted their price target on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Evercore ISI lifted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. TD Cowen upped their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Stock Up 1.5 %

Shares of NYSE TJX opened at $126.09 on Friday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. 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 firm has a market cap of $141.74 billion, a PE ratio of 29.67, a P/E/G ratio of 3.04 and a beta of 0.91. The company’s fifty day simple moving average is $123.13 and its 200 day simple moving average is $118.13.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates 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 was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) 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.