6,439 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by FourThought Financial Partners LLC

FourThought Financial Partners LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,439 shares of the apparel and home fashions retailer’s stock, valued at approximately $778,000.

Other hedge funds also recently bought and sold shares of the company. Provident Trust Co. grew its holdings in shares of TJX Companies by 71.3% in the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock worth $328,984,000 after purchasing an additional 1,133,486 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in TJX Companies by 161.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock valued at $210,003,000 after buying an additional 1,102,912 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in TJX Companies by 281.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock worth $145,166,000 after acquiring an additional 911,351 shares in the last quarter. Canoe Financial LP increased its position in shares of TJX Companies by 564.0% during the fourth quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer’s stock worth $128,568,000 after acquiring an additional 903,939 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of TJX Companies by 13.3% during the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock valued at $850,428,000 after acquiring an additional 827,103 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TJX. Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. UBS Group upped their price objective 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. Finally, Robert W. Baird raised their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.18.

TJX Companies Price Performance

NYSE TJX opened at $122.71 on Wednesday. The firm’s fifty day simple moving average is $122.80 and its two-hundred day simple moving average is $119.80. The firm has a market capitalization of $137.94 billion, a P/E ratio of 28.87, a P/E/G ratio of 2.75 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.22%. TJX Companies’s dividend payout ratio (DPR) is 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.