Allworth Financial LP Acquires 3,697 Shares of The TJX Companies, Inc. (NYSE:TJX)

Allworth Financial LP increased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 30.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,821 shares of the apparel and home fashions retailer's stock after purchasing an additional 3,697 shares during the period. Allworth Financial LP's holdings in TJX Companies were worth $1,939,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TJX. Hartford Funds Management Co LLC boosted its holdings in TJX Companies by 0.5% during the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer's stock valued at $2,107,000 after acquiring an additional 86 shares during the period. Signature Estate & Investment Advisors LLC boosted its holdings in TJX Companies by 3.4% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer's stock valued at $318,000 after acquiring an additional 90 shares during the period. Hamilton Capital LLC boosted its holdings in TJX Companies by 3.9% during the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer's stock valued at $273,000 after acquiring an additional 90 shares during the period. Breakwater Capital Group boosted its holdings in TJX Companies by 1.2% during the fourth quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer's stock valued at $930,000 after acquiring an additional 91 shares during the period. Finally, Capital Investment Advisory Services LLC boosted its holdings in TJX Companies by 1.0% during the fourth quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer's stock valued at $1,060,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TJX shares. Wells Fargo & Company upped their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Evercore ISI increased their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday. Finally, Robert W. Baird increased their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $134.18.

TJX Companies Price Performance

Shares of TJX Companies stock traded down $1.90 during midday trading on Friday, reaching $121.08. The company had a trading volume of 5,692,049 shares, compared to its average volume of 4,322,778. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $136.11 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 2.76 and a beta of 0.91. The stock has a fifty day simple moving average of $122.93 and a 200 day simple moving average of $119.40. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's dividend payout ratio is currently 35.29%.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.