Boston Financial Mangement LLC boosted its holdings in TJX Companies Inc (NYSE:TJX) by 96.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,714 shares of the apparel and home fashions retailer’s stock after purchasing an additional 10,159 shares during the quarter. Boston Financial Mangement LLC’s holdings in TJX Companies were worth $927,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Wedbush Securities Inc. increased its stake in TJX Companies by 79.6% in the fourth quarter. Wedbush Securities Inc. now owns 8,815 shares of the apparel and home fashions retailer’s stock valued at $394,000 after purchasing an additional 3,908 shares during the last quarter. PICTET BANK & TRUST Ltd grew its position in TJX Companies by 100.0% during the fourth quarter. PICTET BANK & TRUST Ltd now owns 29,380 shares of the apparel and home fashions retailer’s stock valued at $1,314,000 after acquiring an additional 14,690 shares during the period. Banque Pictet & Cie SA grew its position in TJX Companies by 92.0% during the fourth quarter. Banque Pictet & Cie SA now owns 235,188 shares of the apparel and home fashions retailer’s stock valued at $10,522,000 after acquiring an additional 112,709 shares during the period. KBC Group NV grew its position in TJX Companies by 69.3% during the fourth quarter. KBC Group NV now owns 413,836 shares of the apparel and home fashions retailer’s stock valued at $18,515,000 after acquiring an additional 169,368 shares during the period. Finally, Pictet North America Advisors SA grew its position in TJX Companies by 83.3% during the fourth quarter. Pictet North America Advisors SA now owns 5,500 shares of the apparel and home fashions retailer’s stock valued at $246,000 after acquiring an additional 2,500 shares during the period. Hedge funds and other institutional investors own 50.70% of the company’s stock.
Shares of NYSE TJX opened at $49.75 on Wednesday. TJX Companies Inc has a 1-year low of $37.49 and a 1-year high of $56.64. The company has a quick ratio of 0.63, a current ratio of 1.55 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $60.84 billion, a PE ratio of 24.63, a P/E/G ratio of 1.69 and a beta of 0.67.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Thursday, February 14th will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Wednesday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 38.61%.
TJX has been the subject of a number of research reports. Citigroup boosted their price target on TJX Companies from $55.50 to $62.50 and gave the company a “buy” rating in a research report on Tuesday, October 16th. ValuEngine downgraded TJX Companies from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 7th. Barclays set a $59.00 price target on TJX Companies and gave the company a “hold” rating in a research report on Thursday, November 8th. Argus raised TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Thursday, November 29th. Finally, Jefferies Financial Group set a $50.00 price target on TJX Companies and gave the company a “hold” rating in a research report on Tuesday, November 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the stock. TJX Companies has a consensus rating of “Buy” and a consensus price target of $53.54.
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TJX Companies Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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