TCW Group Inc. boosted its holdings in shares of TJX Companies Inc (NYSE:TJX) by 18.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,999 shares of the apparel and home fashions retailer’s stock after buying an additional 1,846 shares during the period. TCW Group Inc.’s holdings in TJX Companies were worth $918,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of TJX. Zions Bancorporation boosted its stake in TJX Companies by 185.9% during the third quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after buying an additional 883 shares during the period. IFC Holdings Incorporated FL bought a new stake in TJX Companies during the third quarter worth about $203,000. Noesis Capital Mangement Corp bought a new stake in TJX Companies during the third quarter worth about $203,000. Franklin Street Advisors Inc. NC bought a new stake in TJX Companies during the fourth quarter worth about $203,000. Finally, Kovack Advisors Inc. bought a new stake in TJX Companies during the fourth quarter worth about $226,000. 89.67% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on TJX shares. Nomura dropped their price target on TJX Companies from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Morgan Stanley dropped their price target on TJX Companies from $86.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, November 15th. Royal Bank of Canada set a $70.00 price target on TJX Companies and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. 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. Finally, BMO Capital Markets set a $85.00 price target on TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $81.94.
TJX Companies Inc (NYSE:TJX) opened at $76.40 on Friday. The company has a market capitalization of $47,953.82, a PE ratio of 20.65, a PEG ratio of 1.60 and a beta of 0.73. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. TJX Companies Inc has a twelve month low of $66.44 and a twelve month high of $81.46.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 annualized dividend and a dividend yield of 1.64%. TJX Companies’s dividend payout ratio is currently 33.78%.
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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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