The TJX Companies, Inc. (NYSE:TJX) Stake Lifted by Fortis Capital Advisors LLC

Fortis Capital Advisors LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1,561.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,066 shares of the apparel and home fashions retailer's stock after acquiring an additional 91,222 shares during the period. TJX Companies makes up approximately 4.8% of Fortis Capital Advisors LLC's investment portfolio, making the stock its 7th largest position. Fortis Capital Advisors LLC's holdings in TJX Companies were worth $9,106,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bedel Financial Consulting Inc. boosted its stake in shares of TJX Companies by 3.4% in the fourth quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer's stock valued at $299,000 after buying an additional 104 shares during the period. Tandem Investment Advisors Inc. lifted its position in shares of TJX Companies by 1.8% during the 4th quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer's stock valued at $548,000 after acquiring an additional 106 shares during the period. Alhambra Investment Management LLC grew its holdings in shares of TJX Companies by 2.0% during the 4th quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer's stock worth $510,000 after purchasing an additional 108 shares in the last quarter. J.Safra Asset Management Corp increased its position in shares of TJX Companies by 9.9% in the fourth quarter. J.Safra Asset Management Corp now owns 1,196 shares of the apparel and home fashions retailer's stock worth $112,000 after purchasing an additional 108 shares during the period. Finally, BSW Wealth Partners lifted its position in TJX Companies by 2.0% during the fourth quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer's stock worth $528,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Robert W. Baird raised their target price on shares of TJX Companies from $110.00 to $113.00 and gave the company an "outperform" rating in a report on Thursday. The Goldman Sachs Group upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. Telsey Advisory Group upped their target price on TJX Companies from $112.00 to $115.00 and gave the stock an "outperform" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research note on Tuesday, May 21st. Finally, Sanford C. Bernstein upped their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, TJX Companies presently has an average rating of "Moderate Buy" and a consensus price target of $110.05.

TJX Companies Trading Up 2.0 %

Shares of TJX stock traded up $1.98 during mid-day trading on Friday, hitting $102.14. The company's stock had a trading volume of 5,625,167 shares, compared to its average volume of 5,899,514. The company's fifty day simple moving average is $97.27 and its 200-day simple moving average is $95.15. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week high of $104.98. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.64 and a current ratio of 1.23. The company has a market cap of $115.72 billion, a PE ratio of 25.34, a P/E/G ratio of 2.72 and a beta of 0.87.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The firm had revenue of $12.48 billion during the quarter, compared to analysts' expectations of $12.48 billion. During the same period last year, the company earned $0.76 earnings per share. The business's revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.47%. This is an increase from TJX Companies's previous quarterly dividend of $0.33. TJX Companies's dividend payout ratio is currently 37.22%.

TJX Companies announced that its board has initiated a share buyback program on Wednesday, February 28th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to purchase up to 2.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at TJX Companies

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

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.