Souders Financial Advisors Invests $1.04 Million in The TJX Companies, Inc. (NYSE:TJX)

Souders Financial Advisors bought a new position in The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,414 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,036,000.

Several other institutional investors have also made changes to their positions in TJX. Aveo Capital Partners LLC increased its position in shares of TJX Companies by 6.0% in the fourth quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock worth $335,000 after acquiring an additional 203 shares in the last quarter. Gryphon Financial Partners LLC grew its position in TJX Companies by 35.9% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,908 shares of the apparel and home fashions retailer’s stock valued at $249,000 after purchasing an additional 768 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $400,000. KBC Group NV grew its position in TJX Companies by 30.6% during the fourth quarter. KBC Group NV now owns 322,446 shares of the apparel and home fashions retailer’s stock valued at $30,248,000 after purchasing an additional 75,598 shares in the last quarter. Finally, NEOS Investment Management LLC grew its position in TJX Companies by 36.2% during the fourth quarter. NEOS Investment Management LLC now owns 16,228 shares of the apparel and home fashions retailer’s stock valued at $1,522,000 after purchasing an additional 4,312 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Jefferies Financial Group lifted their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, UBS Group lifted their target price on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $117.54 on Tuesday. The firm has a fifty day simple moving average of $115.34 and a 200-day simple moving average of $107.16. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 1-year low of $86.71 and a 1-year high of $121.13. The stock has a market capitalization of $132.57 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 2.97 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the previous year, the company earned $0.85 earnings per share. TJX Companies’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is currently 37.22%.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently 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.