Steward Partners Investment Advisory LLC Purchases 14,925 Shares of The TJX Companies, Inc. (NYSE:TJX)

Steward Partners Investment Advisory LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 167,502 shares of the apparel and home fashions retailer’s stock after buying an additional 14,925 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in TJX Companies were worth $20,236,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bogart Wealth LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth about $26,000. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies during the 3rd quarter worth about $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies during the 3rd quarter worth about $29,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies during the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insiders Place Their Bets

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $123.32 on Tuesday. The stock has a market capitalization of $138.63 billion, a PE ratio of 29.02, a PEG ratio of 2.75 and a beta of 0.91. 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 50 day moving average of $123.01 and a 200-day moving average of $120.18. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.21%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TJX. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. TD Cowen lifted their price objective 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. UBS Group lifted their price objective 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. Finally, Guggenheim lifted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Company Profile

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.