Snowden Capital Advisors LLC Has $5.47 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Snowden Capital Advisors LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,236 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,702 shares during the quarter. Snowden Capital Advisors LLC’s holdings in TJX Companies were worth $5,465,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in TJX Companies by 1.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer’s stock valued at $603,000 after purchasing an additional 84 shares in the last quarter. Nwam LLC boosted its holdings in shares of TJX Companies by 2.0% in the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock worth $524,000 after acquiring an additional 84 shares in the last quarter. One Charles Private Wealth Services LLC boosted its holdings in shares of TJX Companies by 5.0% in the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer’s stock worth $218,000 after acquiring an additional 86 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in shares of TJX Companies by 1.0% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer’s stock worth $1,060,000 after acquiring an additional 91 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. boosted its holdings in shares of TJX Companies by 3.3% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,915 shares of the apparel and home fashions retailer’s stock worth $352,000 after acquiring an additional 94 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $133.37 on Friday. The firm has a fifty day moving average of $124.30 and a two-hundred day moving average of $122.89. The stock has a market capitalization of $148.98 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 52 week low of $97.53 and a 52 week high of $133.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a dividend yield of 1.27%. TJX Companies’s payout ratio is presently 39.91%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday. Robert W. Baird boosted their target price on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $128.00 to $140.00 in a report on Thursday, April 3rd. Finally, BMO Capital Markets boosted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $137.25.

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.