BlackRock Inc. Acquires 425,832 Shares of TJX Companies Inc (NYSE:TJX)

BlackRock Inc. lifted its position in shares of TJX Companies Inc (NYSE:TJX) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 about 7.17% of TJX Companies worth $3,467,773,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. C M Bidwell & Associates Ltd. boosted its stake in TJX Companies by 1.2% during the second quarter. C M Bidwell & Associates Ltd. now owns 4,095 shares of the apparel and home fashions retailer’s stock worth $296,000 after acquiring an additional 50 shares in the last quarter. Moors & Cabot Inc. lifted its stake in shares of TJX Companies by 2.2% in the second quarter. Moors & Cabot Inc. now owns 29,300 shares of the apparel and home fashions retailer’s stock valued at $2,113,000 after buying an additional 620 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of TJX Companies by 211.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 46,570 shares of the apparel and home fashions retailer’s stock valued at $3,361,000 after buying an additional 31,600 shares in the last quarter. Balentine LLC lifted its stake in shares of TJX Companies by 6.2% in the second quarter. Balentine LLC now owns 7,287 shares of the apparel and home fashions retailer’s stock valued at $526,000 after buying an additional 427 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of TJX Companies by 7.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 82,619 shares of the apparel and home fashions retailer’s stock valued at $5,964,000 after buying an additional 5,713 shares in the last quarter. Institutional investors own 89.67% of the company’s stock.

A number of research analysts have weighed in on TJX shares. Royal Bank of Canada set a $76.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research lowered shares of TJX Companies from a “buy” rating to a “sell” rating in a research report on Monday, November 13th. Wells Fargo & Co set a $76.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Tuesday, November 14th. Citigroup dropped their price target on shares of TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Finally, BMO Capital Markets set a $85.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, November 15th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $81.94.

Shares of TJX Companies Inc (TJX) traded up $1.56 during trading on Friday, reaching $77.96. 3,220,000 shares of the company’s stock were exchanged, compared to its average volume of 4,280,000. The stock has a market cap of $49,290.00, a P/E ratio of 21.07, 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. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $81.46.

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 given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Wednesday, February 14th. TJX Companies’s dividend payout ratio is presently 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.

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

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