Soltis Investment Advisors LLC Acquires 477 Shares of The TJX Companies, Inc. (NYSE:TJX)

Soltis Investment Advisors LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,547 shares of the apparel and home fashions retailer’s stock after purchasing an additional 477 shares during the period. Soltis Investment Advisors LLC’s holdings in TJX Companies were worth $428,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC increased its holdings in TJX Companies by 8.2% during the 4th quarter. Opal Wealth Advisors LLC now owns 3,759 shares of the apparel and home fashions retailer’s stock worth $454,000 after acquiring an additional 284 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in TJX Companies during the 4th quarter worth approximately $139,000. Savant Capital LLC increased its holdings in TJX Companies by 7.7% during the 4th quarter. Savant Capital LLC now owns 32,282 shares of the apparel and home fashions retailer’s stock worth $3,900,000 after acquiring an additional 2,299 shares during the period. Harbour Trust & Investment Management Co increased its holdings in TJX Companies by 0.9% during the 4th quarter. Harbour Trust & Investment Management Co now owns 78,748 shares of the apparel and home fashions retailer’s stock worth $9,514,000 after acquiring an additional 674 shares during the period. Finally, Canvas Wealth Advisors LLC increased its holdings in TJX Companies by 9.8% during the 4th quarter. Canvas Wealth Advisors LLC now owns 1,908 shares of the apparel and home fashions retailer’s stock worth $231,000 after acquiring an additional 171 shares during the period. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. TD Cowen boosted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Wells Fargo & Company boosted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Finally, UBS Group boosted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $133.53.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $124.92 on Tuesday. The stock has a market capitalization of $140.43 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. 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 fifty day moving average of $123.25 and a 200-day moving average of $118.76. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00.

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 for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 EPS. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.20%. TJX Companies’s 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.