Souders Financial Advisors Buys 1,959 Shares of The TJX Companies, Inc. (NYSE:TJX)

Souders Financial Advisors raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 23.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,221 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,959 shares during the quarter. Souders Financial Advisors’ holdings in TJX Companies were worth $1,235,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TJX. Congress Asset Management Co. boosted its position in TJX Companies by 1.1% during the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after buying an additional 13,036 shares during the period. Atlas Legacy Advisors LLC bought a new position in shares of TJX Companies during the fourth quarter valued at about $433,000. BLB&B Advisors LLC boosted its holdings in shares of TJX Companies by 2.8% during the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock worth $9,795,000 after purchasing an additional 2,201 shares during the period. Empowered Funds LLC grew its stake in shares of TJX Companies by 12.1% in the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock worth $4,130,000 after purchasing an additional 3,691 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH purchased a new position in TJX Companies during the 4th quarter valued at about $604,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 1.6 %

NYSE TJX opened at $121.60 on Wednesday. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. 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 stock’s fifty day moving average price is $122.97 and its 200-day moving average price is $120.25. The stock has a market cap of $136.70 billion, a P/E ratio of 28.61, a P/E/G ratio of 2.75 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 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 the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors 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 1.23%. TJX Companies’s dividend payout ratio (DPR) is presently 35.21%.

Analysts Set New Price Targets

Several research firms have weighed in on TJX. Barclays increased their price objective on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Jefferies Financial Group lifted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company upped their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Robert W. Baird lifted their target price on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Evercore ISI increased their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average target price of $135.06.

Insiders Place Their Bets

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

TJX Companies 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.