Soltis Investment Advisors LLC Invests $3.99 Million in The TJX Companies, Inc. (NYSE:TJX)

Soltis Investment Advisors LLC purchased a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 42,481 shares of the apparel and home fashions retailer's stock, valued at approximately $3,985,000.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of TJX Companies by 0.4% in the third quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer's stock worth $8,455,660,000 after acquiring an additional 392,783 shares during the period. FMR LLC grew its stake in shares of TJX Companies by 13.1% in the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer's stock worth $4,622,514,000 after acquiring an additional 6,036,764 shares during the period. Morgan Stanley grew its stake in shares of TJX Companies by 88.1% in the fourth quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer's stock worth $2,118,935,000 after acquiring an additional 12,468,119 shares during the period. Geode Capital Management LLC grew its stake in shares of TJX Companies by 1.0% in the first quarter. Geode Capital Management LLC now owns 20,891,507 shares of the apparel and home fashions retailer's stock worth $1,632,900,000 after acquiring an additional 209,152 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its stake in shares of TJX Companies by 90,089.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,788,543 shares of the apparel and home fashions retailer's stock worth $1,575,168,000 after acquiring an additional 19,766,602 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TJX. BMO Capital Markets upped their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, February 29th. UBS Group upped their price target on shares of TJX Companies from $95.00 to $104.00 and gave the company a "neutral" rating in a research note on Friday, March 1st. Telsey Advisory Group reiterated an "outperform" rating and set a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. Finally, Redburn Atlantic cut shares of TJX Companies from a "buy" rating to a "neutral" rating and set a $100.00 price objective on the stock. in a research report on Monday, February 5th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $102.19.

TJX Companies Trading Up 0.9 %

Shares of NYSE TJX traded up $0.89 during mid-day trading on Tuesday, reaching $97.12. The company had a trading volume of 7,992,339 shares, compared to its average volume of 5,100,414. The business's 50-day moving average is $98.10 and its 200-day moving average is $93.33. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The stock has a market cap of $110.03 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 2.49 and a beta of 0.86. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week high of $102.84.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company had revenue of $16.41 billion for the quarter, compared to analysts' expectations of $16.20 billion. During the same period in the prior year, the business earned $0.89 EPS. The firm's quarterly revenue was up 13.0% on a year-over-year basis. Equities analysts expect that The TJX Companies, Inc. will post 4.06 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 6th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.54%. This is a boost from TJX Companies's previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. TJX Companies's dividend payout ratio is presently 34.46%.

TJX Companies declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the transaction, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares of the company's stock, valued at $51,053,982.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now directly owns 50,273 shares of the company's stock, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

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.

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