Principal Securities Inc. Increases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Principal Securities Inc. boosted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 20.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,098 shares of the apparel and home fashions retailer's stock after buying an additional 6,056 shares during the period. Principal Securities Inc.'s holdings in TJX Companies were worth $4,240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TJX. Bogart Wealth LLC acquired a new position in TJX Companies in the fourth quarter valued at $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the fourth quarter valued at $26,000. Capital Performance Advisors LLP acquired a new position in TJX Companies in the third quarter valued at $29,000. Truvestments Capital LLC acquired a new position in TJX Companies in the third quarter valued at $29,000. Finally, Copeland Capital Management LLC bought a new stake in TJX Companies in the third quarter valued at $30,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TJX. Deutsche Bank Aktiengesellschaft raised their target price on TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. UBS Group raised their price objective on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Robert W. Baird upped their target price on TJX Companies from $133.00 to $138.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Evercore ISI upped their target price on TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Finally, Morgan Stanley upped their target price on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Two research 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, TJX Companies currently has an average rating of "Moderate Buy" and an average target price of $134.18.

TJX Companies Stock Down 0.3 %

NYSE TJX traded down $0.39 on Thursday, reaching $123.04. The company had a trading volume of 4,662,851 shares, compared to its average volume of 4,281,277. The stock has a market capitalization of $138.31 billion, a P/E ratio of 28.95, a P/E/G ratio of 2.76 and a beta of 0.91. The company's fifty day moving average is $123.00 and its 200 day moving average is $119.37. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week 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.

TJX Companies (NYSE:TJX - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal 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 given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's payout ratio is currently 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.