Fortis Group Advisors LLC Invests $2.06 Million in The TJX Companies, Inc. (NYSE:TJX)

Fortis Group Advisors LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 17,049 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,060,000.

Several other large investors also recently added to or reduced their stakes in TJX. Hartford Funds Management Co LLC raised its position in shares of TJX Companies by 0.5% in the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after purchasing an additional 86 shares during the period. Signature Estate & Investment Advisors LLC grew its stake in TJX Companies by 3.4% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock valued at $318,000 after buying an additional 90 shares during the last quarter. Hamilton Capital LLC raised its holdings in TJX Companies by 3.9% in the 3rd quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock valued at $273,000 after acquiring an additional 90 shares during the period. Breakwater Capital Group lifted its position in TJX Companies by 1.2% during the fourth quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer’s stock worth $930,000 after acquiring an additional 91 shares during the last quarter. Finally, Capital Investment Advisory Services LLC boosted its holdings in shares of TJX Companies by 1.0% during the fourth quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer’s stock worth $1,060,000 after acquiring an additional 91 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TJX. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. TD Cowen raised their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Guggenheim lifted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Evercore ISI increased 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. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Trading Down 1.2 %

Shares of TJX Companies stock opened at $124.33 on Tuesday. The firm has a market capitalization of $139.77 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $123.17 and its 200 day moving average is $119.19. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.

TJX Companies (NYSE:TJX) last announced 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 the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’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 business earned $1.03 earnings per share. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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 issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

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.