Assetmark Inc. Buys 10,895 Shares of The TJX Companies, Inc. (NYSE:TJX)

Assetmark Inc. grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 183,590 shares of the apparel and home fashions retailer’s stock after purchasing an additional 10,895 shares during the quarter. Assetmark Inc.’s holdings in TJX Companies were worth $22,180,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. NewSquare Capital LLC boosted its holdings in shares of TJX Companies by 4.3% during the 4th quarter. NewSquare Capital LLC now owns 8,404 shares of the apparel and home fashions retailer’s stock worth $1,015,000 after buying an additional 349 shares in the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of TJX Companies by 95.1% during the 4th quarter. J.Safra Asset Management Corp now owns 3,429 shares of the apparel and home fashions retailer’s stock worth $415,000 after buying an additional 1,671 shares in the last quarter. Cookson Peirce & Co. Inc. bought a new position in shares of TJX Companies during the 4th quarter worth approximately $219,000. Souders Financial Advisors boosted its holdings in shares of TJX Companies by 23.7% during the 4th quarter. Souders Financial Advisors now owns 10,221 shares of the apparel and home fashions retailer’s stock worth $1,235,000 after buying an additional 1,959 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of TJX Companies by 2.1% during the 4th quarter. Victory Capital Management Inc. now owns 911,394 shares of the apparel and home fashions retailer’s stock worth $110,106,000 after buying an additional 18,935 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TJX. Jefferies Financial Group increased their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. TD Cowen increased their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Robert W. Baird increased their target price on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Guggenheim increased their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $135.06.

TJX Companies Trading Up 1.1 %

NYSE TJX opened at $123.08 on Thursday. The firm has a market capitalization of $138.36 billion, a P/E ratio of 28.96, a PEG ratio of 2.75 and a beta of 0.91. The business has a fifty day simple moving average of $122.96 and a 200 day simple moving average of $120.27. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. On average, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm 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 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.21%.

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.