Colton Groome Financial Advisors LLC Has $476,000 Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Colton Groome Financial Advisors LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) by 25.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,937 shares of the apparel and home fashions retailer’s stock after selling 1,318 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in TJX Companies were worth $476,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Algert Global LLC lifted its position in TJX Companies by 36.8% during the 2nd quarter. Algert Global LLC now owns 4,608 shares of the apparel and home fashions retailer’s stock worth $507,000 after acquiring an additional 1,240 shares during the last quarter. Advisory Alpha LLC increased its position in 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 worth $369,000 after buying an additional 556 shares during the period. SPC Financial Inc. acquired a new position in shares of TJX Companies during the second quarter worth approximately $296,000. Cetera Investment Advisers increased its position in TJX Companies by 14.3% during the second quarter. Cetera Investment Advisers now owns 274,022 shares of the apparel and home fashions retailer’s stock worth $30,170,000 after acquiring an additional 34,256 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in TJX Companies in the 2nd quarter valued at $14,718,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Up 0.6 %

Shares of NYSE TJX opened at $125.09 on Thursday. 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 has a market capitalization of $140.62 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91. The firm’s 50-day moving average is $123.04 and its 200-day moving average is $118.08. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.

TJX Companies (NYSE:TJXGet Free Report) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TJX. Wells Fargo & Company upped their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Morgan Stanley raised their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft upped their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Jefferies Financial Group boosted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

Get Our Latest Stock Analysis on TJX

TJX Companies Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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