Congress Asset Management Co. Buys 13,036 Shares of The TJX Companies, Inc. (NYSE:TJX)

Congress Asset Management Co. boosted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,228,840 shares of the apparel and home fashions retailer's stock after buying an additional 13,036 shares during the period. TJX Companies makes up 1.0% of Congress Asset Management Co.'s holdings, making the stock its 22nd biggest holding. Congress Asset Management Co. owned about 0.11% of TJX Companies worth $148,456,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Center for Financial Planning Inc. lifted its holdings in TJX Companies by 17.9% in the fourth quarter. Center for Financial Planning Inc. now owns 3,027 shares of the apparel and home fashions retailer's stock valued at $366,000 after buying an additional 459 shares during the period. Adell Harriman & Carpenter Inc. bought a new stake in TJX Companies in the fourth quarter valued at $437,000. Chevy Chase Trust Holdings LLC increased its stake in TJX Companies by 4.9% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 1,450,723 shares of the apparel and home fashions retailer's stock valued at $175,262,000 after purchasing an additional 67,386 shares in the last quarter. Asset Planning Inc bought a new stake in TJX Companies in the fourth quarter valued at $135,000. Finally, Pictet North America Advisors SA increased its stake in TJX Companies by 2.2% in the fourth quarter. Pictet North America Advisors SA now owns 32,794 shares of the apparel and home fashions retailer's stock valued at $3,962,000 after purchasing an additional 701 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TJX. UBS Group lifted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. 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 research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Guggenheim lifted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, TD Cowen boosted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $134.18.

TJX Companies Stock Down 0.3 %

TJX stock traded down $0.42 during trading on Wednesday, reaching $123.41. The stock had a trading volume of 3,660,908 shares, compared to its average volume of 4,264,647. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. 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 company's 50 day moving average is $123.07 and its two-hundred day moving average is $119.34. The company has a market capitalization of $138.73 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 2.78 and a beta of 0.91.

TJX Companies (NYSE:TJX - Get Free Report) last released its 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the prior year, the firm earned $1.03 EPS. The company's revenue was up 6.0% compared to the same quarter last year. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Thursday, February 13th. 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.