Laurel Wealth Advisors LLC Has $3.93 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Laurel Wealth Advisors LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 32,501 shares of the apparel and home fashions retailer’s stock after acquiring an additional 100 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in TJX Companies were worth $3,926,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TJX. One Capital Management LLC lifted its holdings in TJX Companies by 27.8% in the 2nd quarter. One Capital Management LLC now owns 3,331 shares of the apparel and home fashions retailer’s stock worth $367,000 after purchasing an additional 725 shares during the last quarter. Savoir Faire Capital Management L.P. lifted its stake in shares of TJX Companies by 50.8% in the second quarter. Savoir Faire Capital Management L.P. now owns 48,000 shares of the apparel and home fashions retailer’s stock worth $5,285,000 after buying an additional 16,162 shares during the last quarter. Excalibur Management Corp lifted its stake in shares of TJX Companies by 6.2% in the second quarter. Excalibur Management Corp now owns 10,310 shares of the apparel and home fashions retailer’s stock worth $1,135,000 after buying an additional 598 shares during the last quarter. GDS Wealth Management boosted its holdings in shares of TJX Companies by 11.4% during the 2nd quarter. GDS Wealth Management now owns 112,431 shares of the apparel and home fashions retailer’s stock worth $12,379,000 after buying an additional 11,549 shares during the period. Finally, Alpha Financial Partners LLC grew its stake in TJX Companies by 8.1% in the 2nd quarter. Alpha Financial Partners LLC now owns 4,222 shares of the apparel and home fashions retailer’s stock valued at $465,000 after buying an additional 316 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Down 0.5 %

Shares of NYSE TJX opened at $119.29 on Wednesday. The business has a fifty day moving average of $122.32 and a two-hundred day moving average of $117.34. 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 TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The stock has a market cap of $134.10 billion, a PE ratio of 28.07, a PEG ratio of 3.07 and a beta of 0.91.

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, beating the consensus estimate of $1.09 by $0.05. The firm 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 firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. As a group, equities research analysts expect 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 given a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.26%. TJX Companies’s payout ratio is 35.29%.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Wells Fargo & Company upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Finally, Robert W. Baird boosted their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $131.33.

About TJX Companies

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.