The TJX Companies, Inc. (NYSE:TJX) Stake Boosted by New World Advisors LLC

New World Advisors LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,854,535 shares of the apparel and home fashions retailer's stock after purchasing an additional 141,800 shares during the quarter. TJX Companies makes up approximately 83.1% of New World Advisors LLC's investment portfolio, making the stock its biggest position. New World Advisors LLC owned approximately 0.25% of TJX Companies worth $344,856,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC bought a new position in shares of TJX Companies in the fourth quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies in the 3rd quarter worth $29,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the 3rd quarter worth $30,000. Finally, Truvestments Capital LLC bought a new stake in TJX Companies during the third quarter valued at about $29,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TJX shares. Morgan Stanley upped their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. TD Cowen upped their price target on TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Guggenheim lifted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company lifted 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. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and an average target price of $134.18.

TJX Companies Stock Up 0.2 %

NYSE:TJX traded up $0.24 during mid-day trading on Monday, reaching $121.35. The company's stock had a trading volume of 5,292,225 shares, compared to its average volume of 4,350,497. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The stock has a fifty day moving average of $122.86 and a 200-day moving average of $119.64. The firm has a market capitalization of $136.42 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91.

TJX Companies Announces Dividend

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

TJX Companies Company Profile

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.