Principal Financial Group Inc. Has $240.70 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Principal Financial Group Inc. raised its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,992,363 shares of the apparel and home fashions retailer's stock after purchasing an additional 28,143 shares during the period. Principal Financial Group Inc. owned approximately 0.18% of TJX Companies worth $240,697,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new position in TJX Companies during the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies during the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new position in TJX Companies during the third quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new position in TJX Companies during the third quarter valued at approximately $29,000. Finally, Copeland Capital Management LLC acquired a new position in TJX Companies during the third quarter valued at approximately $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on TJX shares. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Jefferies Financial Group boosted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research note on Wednesday. StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. Finally, UBS Group boosted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $134.18.

TJX Companies Trading Down 1.5 %

TJX traded down $1.90 during trading on Friday, reaching $121.08. 5,692,049 shares of the stock traded hands, compared to its average volume of 4,322,778. 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 stock has a market capitalization of $136.11 billion, a PE ratio of 28.49, a P/E/G ratio of 2.76 and a beta of 0.91. The stock's 50-day moving average is $122.86 and its 200 day moving average is $119.48. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month 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 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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

TJX Companies 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.