Legacy Financial Advisors Inc. Boosts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Legacy Financial Advisors Inc. boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,781 shares of the apparel and home fashions retailer’s stock after buying an additional 644 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in TJX Companies were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Scotia Capital Inc. boosted its position in TJX Companies by 16.5% during the fourth quarter. Scotia Capital Inc. now owns 295,313 shares of the apparel and home fashions retailer’s stock worth $35,682,000 after acquiring an additional 41,921 shares during the last quarter. Phoenix Financial Ltd. lifted its holdings in TJX Companies by 11.7% in the 4th quarter. Phoenix Financial Ltd. now owns 117,384 shares of the apparel and home fashions retailer’s stock worth $14,181,000 after buying an additional 12,271 shares in the last quarter. F M Investments LLC lifted its holdings in TJX Companies by 46.3% in the 4th quarter. F M Investments LLC now owns 36,066 shares of the apparel and home fashions retailer’s stock worth $4,357,000 after buying an additional 11,422 shares in the last quarter. Bessemer Group Inc. increased its position in shares of TJX Companies by 20.6% in the 4th quarter. Bessemer Group Inc. now owns 113,198 shares of the apparel and home fashions retailer’s stock worth $13,675,000 after purchasing an additional 19,300 shares during the last quarter. Finally, CenterBook Partners LP increased its position in shares of TJX Companies by 2.9% in the 4th quarter. CenterBook Partners LP now owns 15,943 shares of the apparel and home fashions retailer’s stock worth $1,926,000 after purchasing an additional 447 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX Companies stock opened at $126.06 on Thursday. The business has a 50 day moving average of $121.43 and a 200-day moving average of $120.52. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.99. 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 company has a market capitalization of $140.82 billion, a P/E ratio of 29.66, a P/E/G ratio of 2.75 and a beta of 0.86.

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

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.35%. TJX Companies’s dividend payout ratio (DPR) is currently 39.91%.

Analyst Upgrades and Downgrades

TJX has been the subject of several research analyst reports. Wells Fargo & Company boosted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Robert W. Baird boosted their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. UBS Group boosted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $128.00 to $140.00 in a research report on Thursday, April 3rd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.76.

Insider Activity

In other news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.