Sovran Advisors LLC Purchases New Stake in The TJX Companies, Inc. (NYSE:TJX)

Sovran Advisors LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,318 shares of the apparel and home fashions retailer’s stock, valued at approximately $515,000.

Other large investors have also recently bought and sold shares of the company. Peterson Wealth Services increased its holdings in TJX Companies by 7.1% in the fourth quarter. Peterson Wealth Services now owns 4,080 shares of the apparel and home fashions retailer’s stock valued at $493,000 after buying an additional 269 shares in the last quarter. McBroom & Associates LLC grew its holdings in shares of TJX Companies by 3.1% in the 4th quarter. McBroom & Associates LLC now owns 64,438 shares of the apparel and home fashions retailer’s stock worth $7,785,000 after acquiring an additional 1,935 shares during the period. Axecap Investments LLC grew its holdings in shares of TJX Companies by 13.7% in the 4th quarter. Axecap Investments LLC now owns 28,190 shares of the apparel and home fashions retailer’s stock worth $3,406,000 after acquiring an additional 3,396 shares during the period. Core Alternative Capital increased its stake in TJX Companies by 2.2% in the 4th quarter. Core Alternative Capital now owns 56,173 shares of the apparel and home fashions retailer’s stock valued at $6,786,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Sapient Capital LLC raised its holdings in TJX Companies by 1.4% during the fourth quarter. Sapient Capital LLC now owns 132,083 shares of the apparel and home fashions retailer’s stock worth $15,957,000 after purchasing an additional 1,763 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Jefferies Financial Group upped their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. 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 lifted 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. UBS Group lifted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $133.53.

TJX Companies Stock Performance

Shares of TJX stock opened at $124.45 on Thursday. 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 firm has a market capitalization of $139.90 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 2.82 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 company has a 50 day moving average price of $123.22 and a 200 day moving average price of $118.94.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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 business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the prior year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. 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 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.