Forvis Mazars Wealth Advisors LLC Has $247,000 Holdings in The TJX Companies, Inc. (NYSE:TJX)

Forvis Mazars Wealth Advisors LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,048 shares of the apparel and home fashions retailer’s stock after purchasing an additional 119 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in TJX Companies were worth $247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. First Trust Direct Indexing L.P. raised its stake in TJX Companies by 12.4% during the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after acquiring an additional 5,207 shares in the last quarter. Congress Asset Management Co. raised its stake in TJX Companies by 1.1% during the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock worth $148,456,000 after acquiring an additional 13,036 shares in the last quarter. Atlas Legacy Advisors LLC acquired a new position in TJX Companies during the fourth quarter worth about $433,000. BLB&B Advisors LLC raised its stake in TJX Companies by 2.8% during the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock worth $9,795,000 after acquiring an additional 2,201 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in TJX Companies by 12.1% during the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock worth $4,130,000 after acquiring an additional 3,691 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the subject of several research analyst reports. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Morgan Stanley boosted their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Guggenheim boosted their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, 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 report on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $134.18.

TJX Companies Stock Performance

Shares of TJX stock opened at $121.35 on Tuesday. The business’s 50 day simple moving average is $122.81 and its 200 day simple moving average is $119.72. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The stock has a market capitalization of $136.42 billion, a PE ratio of 28.55, a PEG ratio of 2.75 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies Dividend Announcement

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 issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is presently 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.