Swedbank AB lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,265,098 shares of the apparel and home fashions retailer’s stock after purchasing an additional 50,184 shares during the quarter. Swedbank AB’s holdings in TJX Companies were worth $152,836,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in TJX. Orrstown Financial Services Inc. boosted its position in shares of TJX Companies by 3.4% in the fourth quarter. Orrstown Financial Services Inc. now owns 12,126 shares of the apparel and home fashions retailer’s stock valued at $1,465,000 after acquiring an additional 400 shares during the period. Field & Main Bank grew its stake in shares of TJX Companies by 2.7% during the fourth quarter. Field & Main Bank now owns 17,440 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after purchasing an additional 460 shares during the last quarter. Nvest Financial LLC raised its position in shares of TJX Companies by 10.8% during the fourth quarter. Nvest Financial LLC now owns 23,126 shares of the apparel and home fashions retailer’s stock worth $2,794,000 after acquiring an additional 2,251 shares during the last quarter. Foster Victor Wealth Advisors LLC lifted its holdings in TJX Companies by 5.1% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 2,063 shares of the apparel and home fashions retailer’s stock valued at $251,000 after buying an additional 101 shares during the period. Finally, Smith Group Asset Management LLC boosted its stake in TJX Companies by 1.2% during the 4th quarter. Smith Group Asset Management LLC now owns 205,180 shares of the apparel and home fashions retailer’s stock worth $24,788,000 after acquiring an additional 2,433 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.
TJX Companies Stock Performance
Shares of NYSE:TJX traded up $0.44 during trading on Wednesday, hitting $124.78. 209,906 shares of the stock traded hands, compared to its average volume of 4,207,045. The company has a fifty day moving average price of $123.04 and a two-hundred day moving average price of $118.08. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a market cap of $140.27 billion, a price-to-earnings ratio of 29.35, a P/E/G ratio of 3.00 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.
TJX Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders 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 annualized dividend and a dividend yield of 1.20%. TJX Companies’s dividend payout ratio is presently 35.29%.
Wall Street Analyst Weigh In
TJX has been the subject of a number of research reports. Evercore ISI increased their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group raised their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.67.
Check Out Our Latest Stock Report on TJX
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.
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