The TJX Companies, Inc. (NYSE:TJX) Holdings Increased by Edge Capital Group LLC

Edge Capital Group LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 5.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,916 shares of the apparel and home fashions retailer’s stock after buying an additional 240 shares during the quarter. Edge Capital Group LLC’s holdings in TJX Companies were worth $594,000 at the end of the most recent reporting period.

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

TJX Companies Trading Up 0.2 %

Shares of NYSE:TJX opened at $121.35 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock’s 50-day moving average is $122.81 and its 200-day moving average is $119.72. The company has a market cap of $136.42 billion, a P/E ratio of 28.55, a P/E/G ratio of 2.75 and a beta of 0.91. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders 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 yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TJX. Wells Fargo & Company upped their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Robert W. Baird upped their price objective 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. TD Cowen lifted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Telsey Advisory Group restated an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a report on Wednesday, February 19th. Finally, Jefferies Financial Group raised their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Two equities 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, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.18.

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.