Northwest Financial Advisors Buys 301 Shares of The TJX Companies, Inc. (NYSE:TJX)

Northwest Financial Advisors raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 15.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,216 shares of the apparel and home fashions retailer’s stock after acquiring an additional 301 shares during the period. Northwest Financial Advisors’ holdings in TJX Companies were worth $268,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TJX. Foundations Investment Advisors LLC lifted its position in shares of TJX Companies by 2.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 47,029 shares of the apparel and home fashions retailer’s stock worth $5,682,000 after buying an additional 1,031 shares in the last quarter. Parsons Capital Management Inc. RI increased its stake in TJX Companies by 38.0% in the 4th quarter. Parsons Capital Management Inc. RI now owns 74,130 shares of the apparel and home fashions retailer’s stock worth $8,956,000 after acquiring an additional 20,428 shares during the last quarter. James Hambro & Partners LLP raised its holdings in shares of TJX Companies by 2.1% during the 4th quarter. James Hambro & Partners LLP now owns 778,544 shares of the apparel and home fashions retailer’s stock worth $94,052,000 after acquiring an additional 16,077 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its position in shares of TJX Companies by 8.7% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 19,122 shares of the apparel and home fashions retailer’s stock valued at $2,310,000 after acquiring an additional 1,532 shares during the last quarter. Finally, Valued Wealth Advisors LLC grew its holdings in shares of TJX Companies by 41.9% in the fourth quarter. Valued Wealth Advisors LLC now owns 481 shares of the apparel and home fashions retailer’s stock valued at $58,000 after purchasing an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX Companies stock opened at $124.89 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a market capitalization of $140.39 billion, a PE ratio of 29.38, a P/E/G ratio of 3.00 and a beta of 0.91. The company has a 50 day moving average price of $122.84 and a 200-day moving average price of $117.94. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period in the previous year, the company posted $1.03 EPS. TJX Companies’s revenue was up 6.0% on a year-over-year basis. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders 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 yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TJX shares. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Evercore ISI upped their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. TD Cowen upped their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Jefferies Financial Group lifted their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

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.