Fortis Group Advisors LLC Acquires Shares of 17,049 The TJX Companies, Inc. (NYSE:TJX)

Fortis Group Advisors LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,049 shares of the apparel and home fashions retailer's stock, valued at approximately $2,060,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies during the fourth quarter worth $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies during the third quarter worth $29,000. Legacy Investment Solutions LLC bought a new position in shares of TJX Companies in the 3rd quarter valued at $30,000. Finally, Truvestments Capital LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at $29,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 1.5 %

Shares of NYSE:TJX traded down $1.90 during midday trading on Friday, reaching $121.08. The company's stock had a trading volume of 5,692,049 shares, compared to its average volume of 4,322,778. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. 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 price of $122.86 and a two-hundred day moving average price of $119.48. The firm has a market capitalization of $136.11 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 2.76 and a beta of 0.91.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company's revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date 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 presently 35.29%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Evercore ISI increased their target price on TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Wells Fargo & Company raised their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Jefferies Financial Group boosted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Robert W. Baird upped their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Finally, StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $134.18.

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.