Pure Financial Advisors LLC Buys 372 Shares of The TJX Companies, Inc. (NYSE:TJX)

Pure Financial Advisors LLC increased its position in The TJX Companies, Inc. (NYSE:TJX) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,592 shares of the apparel and home fashions retailer’s stock after purchasing an additional 372 shares during the quarter. Pure Financial Advisors LLC’s holdings in TJX Companies were worth $917,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. ProShare Advisors LLC lifted its stake in shares of TJX Companies by 5.3% during the 2nd quarter. ProShare Advisors LLC now owns 174,781 shares of the apparel and home fashions retailer’s stock worth $19,243,000 after buying an additional 8,866 shares during the last quarter. Evergreen Capital Management LLC increased its stake in TJX Companies by 5.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 11,062 shares of the apparel and home fashions retailer’s stock worth $1,218,000 after acquiring an additional 564 shares during the period. Lombard Odier Asset Management Europe Ltd bought a new stake in TJX Companies during the second quarter worth about $2,310,000. Mill Creek Capital Advisors LLC lifted its stake in TJX Companies by 11.3% during the second quarter. Mill Creek Capital Advisors LLC now owns 9,134 shares of the apparel and home fashions retailer’s stock worth $1,006,000 after purchasing an additional 924 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in TJX Companies by 59.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 217,021 shares of the apparel and home fashions retailer’s stock worth $23,894,000 after acquiring an additional 80,494 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TJX has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday. Robert W. Baird raised their target price on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Evercore ISI lifted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Jefferies Financial Group raised their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.67.

TJX Companies Stock Up 1.1 %

Shares of NYSE TJX opened at $123.23 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a market capitalization of $138.52 billion, a PE ratio of 28.99, a P/E/G ratio of 2.98 and a beta of 0.91. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The business’s fifty day moving average price is $122.64 and its 200-day moving average price is $117.64.

TJX Companies (NYSE:TJX) last posted its quarterly 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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 given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

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.