AdvisorNet Financial Inc Has $278,000 Holdings in The TJX Companies, Inc. (NYSE:TJX)

AdvisorNet Financial Inc lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,301 shares of the apparel and home fashions retailer’s stock after acquiring an additional 146 shares during the period. AdvisorNet Financial Inc’s holdings in TJX Companies were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new position in TJX Companies during the 3rd quarter worth approximately $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies in the third quarter worth $29,000. Copeland Capital Management LLC bought a new position in TJX Companies in the third quarter valued at $30,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies in the 3rd quarter valued at $30,000. Finally, Northwest Investment Counselors LLC bought a new stake in TJX Companies during the 3rd quarter worth about $37,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Jefferies Financial Group raised their price objective on 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 boosted their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group increased their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, TD Cowen boosted their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies Trading Up 1.9 %

Shares of TJX Companies stock opened at $121.42 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm has a 50-day moving average of $122.39 and a 200-day moving average of $117.35. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The stock has a market cap of $136.49 billion, a PE ratio of 28.57, a PEG ratio of 2.94 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. TJX Companies’s payout ratio is 35.29%.

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.