First Trust Advisors LP raised its position in shares of TJX Companies Inc (NYSE:TJX) by 22.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,975 shares of the apparel and home fashions retailer’s stock after purchasing an additional 71,638 shares during the period. First Trust Advisors LP’s holdings in TJX Companies were worth $29,894,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of TJX. Covington Capital Management raised its stake in shares of TJX Companies by 6.8% during the 2nd quarter. Covington Capital Management now owns 91,114 shares of the apparel and home fashions retailer’s stock worth $6,576,000 after purchasing an additional 5,826 shares in the last quarter. Gofen & Glossberg LLC IL raised its stake in shares of TJX Companies by 7.9% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 38,532 shares of the apparel and home fashions retailer’s stock worth $2,781,000 after purchasing an additional 2,835 shares in the last quarter. Raab & Moskowitz Asset Management LLC raised its stake in shares of TJX Companies by 10.8% during the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 36,133 shares of the apparel and home fashions retailer’s stock worth $2,538,000 after purchasing an additional 3,527 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of TJX Companies by 19.5% during the 2nd quarter. WINTON GROUP Ltd now owns 20,342 shares of the apparel and home fashions retailer’s stock worth $1,468,000 after purchasing an additional 3,326 shares in the last quarter. Finally, Tandem Investment Advisors Inc. raised its stake in shares of TJX Companies by 10.2% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 65,363 shares of the apparel and home fashions retailer’s stock worth $4,717,000 after purchasing an additional 6,037 shares in the last quarter. 89.67% of the stock is owned by institutional investors.
TJX Companies Inc (NYSE:TJX) opened at $75.84 on Thursday. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $48,260.00, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 1.65 and a beta of 0.73. TJX Companies Inc has a 1 year low of $66.44 and a 1 year high of $81.46.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 1.65%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s dividend payout ratio is currently 33.78%.
A number of equities research analysts have recently weighed in on TJX shares. Wells Fargo & Co downgraded TJX Companies from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $76.00 to $72.00 in a research note on Wednesday, January 3rd. Guggenheim reaffirmed a “buy” rating and set a $86.00 price target on shares of TJX Companies in a research note on Friday, December 15th. Royal Bank of Canada set a $70.00 price objective on TJX Companies and gave the company an “outperform” rating in a research note on Tuesday, November 14th. Zacks Investment Research downgraded TJX Companies from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, Goldman Sachs Group downgraded TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price objective on the stock. in a research note on Tuesday, December 5th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $82.11.
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About TJX Companies
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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