Raymond James Financial Inc. Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Raymond James Financial Inc. acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,720,988 shares of the apparel and home fashions retailer’s stock, valued at approximately $570,342,000. Raymond James Financial Inc. owned about 0.42% of TJX Companies as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of TJX. Bogart Wealth LLC purchased a new position in TJX Companies during the 4th quarter worth $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies during the 4th quarter worth $26,000. Capital Performance Advisors LLP purchased a new position in TJX Companies during the 3rd quarter worth $29,000. Truvestments Capital LLC purchased a new position in TJX Companies during the 3rd quarter worth $29,000. Finally, Legacy Investment Solutions LLC purchased a new position in TJX Companies during the 3rd quarter worth $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TJX. Barclays raised their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Jefferies Financial Group raised their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley raised their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Evercore ISI raised their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Guggenheim raised their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

TJX Companies Stock Performance

Shares of TJX opened at $123.08 on Thursday. 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 market cap of $138.36 billion, a P/E ratio of 28.96, a PEG ratio of 2.75 and a beta of 0.91. The company has a 50-day moving average of $122.96 and a two-hundred day moving average of $120.27. 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 announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. TJX Companies’s dividend payout ratio (DPR) is presently 35.21%.

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.