Whittier Trust Co. of Nevada Inc. boosted its stake in TJX Companies Inc (NYSE:TJX) by 3.4% in the fourth quarter, Holdings Channel reports. The firm owned 58,978 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,950 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in TJX Companies were worth $4,510,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation increased its holdings in TJX Companies by 185.9% in the third quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after purchasing an additional 883 shares during the last quarter. Lenox Wealth Management Inc. bought a new stake in shares of TJX Companies in the second quarter worth about $141,000. Highlander Capital Management LLC increased its holdings in shares of TJX Companies by 31.3% in the second quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock worth $150,000 after acquiring an additional 500 shares in the last quarter. FTB Advisors Inc. increased its holdings in shares of TJX Companies by 1.6% in the second quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock worth $159,000 after acquiring an additional 36 shares in the last quarter. Finally, IFC Holdings Incorporated FL bought a new stake in shares of TJX Companies in the third quarter worth about $203,000. Institutional investors and hedge funds own 90.37% of the company’s stock.
TJX Companies Inc (TJX) opened at $75.64 on Monday. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $47,827.36, a PE ratio of 20.44, a PEG ratio of 1.62 and a beta of 0.73. TJX Companies Inc has a 52-week low of $66.44 and a 52-week high of $81.46.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 annualized dividend and a dividend yield of 1.65%. TJX Companies’s dividend payout ratio is currently 33.78%.
Several equities research analysts have issued reports on TJX shares. Buckingham Research restated a “buy” rating and issued a $85.00 price target on shares of TJX Companies in a report on Thursday, October 19th. Wells Fargo & Co downgraded TJX Companies from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $76.00 to $72.00 in a report on Wednesday, January 3rd. Guggenheim restated a “buy” rating and issued a $86.00 price target on shares of TJX Companies in a report on Friday, December 15th. Goldman Sachs Group downgraded TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price target for the company. in a report on Tuesday, December 5th. Finally, Royal Bank of Canada set a $70.00 price target on TJX Companies and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $82.00.
TJX Companies Company Profile
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.
Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies Inc (NYSE:TJX).
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.