Clifford Swan Investment Counsel LLC raised its holdings in TJX Companies Inc (NYSE:TJX) by 44.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,058 shares of the apparel and home fashions retailer’s stock after purchasing an additional 14,525 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in TJX Companies were worth $3,598,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of TJX. Scotia Capital Inc. raised its holdings in shares of TJX Companies by 9.4% in the 2nd quarter. Scotia Capital Inc. now owns 54,407 shares of the apparel and home fashions retailer’s stock valued at $3,926,000 after buying an additional 4,661 shares during the period. Northern Capital Management LLC raised its holdings in shares of TJX Companies by 34.5% in the 3rd quarter. Northern Capital Management LLC now owns 53,580 shares of the apparel and home fashions retailer’s stock valued at $3,950,000 after buying an additional 13,750 shares during the period. Tillar Wenstrup Advisors LLC purchased a new stake in shares of TJX Companies in the 3rd quarter valued at $2,083,000. Gofen & Glossberg LLC IL raised its holdings in shares of TJX Companies by 7.9% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 38,532 shares of the apparel and home fashions retailer’s stock valued at $2,781,000 after buying an additional 2,835 shares during the period. Finally, Curbstone Financial Management Corp raised its holdings in shares of TJX Companies by 100.0% in the 3rd quarter. Curbstone Financial Management Corp now owns 34,872 shares of the apparel and home fashions retailer’s stock valued at $2,571,000 after buying an additional 17,436 shares during the period. Institutional investors own 89.67% of the company’s stock.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “strong-buy” rating and set a $88.00 price objective on the stock in a report on Friday. Nomura reiterated a “buy” rating and issued a $87.00 price objective (up previously from $75.00) on shares of TJX Companies in a report on Wednesday, January 17th. Wells Fargo & Co downgraded TJX Companies from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $76.00 to $72.00 in a report on Wednesday, January 3rd. Guggenheim reiterated a “buy” rating and issued a $86.00 price objective on shares of TJX Companies in a report on Friday, December 15th. Finally, Cowen set a $88.00 price objective on TJX Companies and gave the company a “buy” rating in a report 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 stock presently has an average rating of “Buy” and a consensus price target of $82.11.
TJX Companies Inc (TJX) opened at $77.88 on Monday. TJX Companies Inc has a one year low of $66.44 and a one year high of $81.46. The company has a market capitalization of $49,243.72, a price-to-earnings ratio of 21.05, a P/E/G ratio of 1.65 and a beta of 0.73. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be paid a dividend of $0.3125 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 annualized dividend and a yield of 1.61%. TJX Companies’s payout ratio is 33.78%.
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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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