BlackRock Inc. Purchases 425,832 Shares of TJX Companies Inc (TJX)

BlackRock Inc. increased its position in TJX Companies Inc (NYSE:TJX) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,354,058 shares of the apparel and home fashions retailer’s stock after buying an additional 425,832 shares during the quarter. BlackRock Inc. owned 0.07% of TJX Companies worth $3,467,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in TJX. C M Bidwell & Associates Ltd. lifted its position in TJX Companies by 1.2% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 4,095 shares of the apparel and home fashions retailer’s stock worth $296,000 after buying an additional 50 shares during the last quarter. Moors & Cabot Inc. increased its stake in TJX Companies by 2.2% in the 2nd quarter. Moors & Cabot Inc. now owns 29,300 shares of the apparel and home fashions retailer’s stock worth $2,113,000 after purchasing an additional 620 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in TJX Companies by 211.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 46,570 shares of the apparel and home fashions retailer’s stock worth $3,361,000 after purchasing an additional 31,600 shares during the period. Balentine LLC increased its stake in TJX Companies by 6.2% in the 2nd quarter. Balentine LLC now owns 7,287 shares of the apparel and home fashions retailer’s stock worth $526,000 after purchasing an additional 427 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in TJX Companies by 7.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 82,619 shares of the apparel and home fashions retailer’s stock worth $5,964,000 after purchasing an additional 5,713 shares during the period. Institutional investors own 90.37% of the company’s stock.

TJX Companies Inc (TJX) opened at $77.88 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. TJX Companies Inc has a 12 month low of $66.44 and a 12 month high of $81.46. The stock has a market capitalization of $49,550.00, a P/E ratio of 21.05, a PEG ratio of 1.65 and a beta of 0.73.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid 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 1.61%. TJX Companies’s dividend payout ratio (DPR) is presently 33.78%.

A number of equities analysts have commented on the company. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Saturday, January 20th. Goldman Sachs Group cut TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price target on the stock. in a research note on Tuesday, December 5th. Wells Fargo & Co cut TJX Companies from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $76.00 to $72.00 in a research note on Wednesday, January 3rd. Nomura reaffirmed a “buy” rating and issued a $87.00 price target (up from $75.00) on shares of TJX Companies in a research note on Wednesday, January 17th. Finally, Cowen set a $88.00 price target on TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $82.11.

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TJX Companies 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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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