Foster Victor Wealth Advisors LLC Has $251,000 Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Foster Victor Wealth Advisors LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,063 shares of the apparel and home fashions retailer’s stock after acquiring an additional 101 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in TJX Companies were worth $251,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TJX. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies during the third quarter worth about $29,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies in the 3rd quarter worth about $30,000. Truvestments Capital LLC bought a new stake in TJX Companies in the 3rd quarter valued at about $29,000. Finally, Copeland Capital Management LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth approximately $30,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TJX. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. Morgan Stanley increased their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Jefferies Financial Group upped their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. UBS Group raised their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Evercore ISI boosted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.67.

TJX Companies Price Performance

TJX Companies stock opened at $124.11 on Thursday. The company has a market capitalization of $139.52 billion, a PE ratio of 29.20, a P/E/G ratio of 3.00 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $123.04 and a two-hundred day moving average price of $118.08. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 8.63% and a return on equity of 61.82%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. Analysts expect 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. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.21%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is presently 35.29%.

About TJX Companies

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.