TCW Group Inc. Raises Stock Position in The TJX Companies, Inc. (NYSE:TJX)

TCW Group Inc. increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,818 shares of the apparel and home fashions retailer’s stock after purchasing an additional 335 shares during the period. TCW Group Inc.’s holdings in TJX Companies were worth $1,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Howard Capital Management Group LLC increased its holdings in TJX Companies by 42.9% in the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after buying an additional 69,489 shares in the last quarter. NorthCrest Asset Manangement LLC increased its holdings in TJX Companies by 12.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 3,655 shares of the apparel and home fashions retailer’s stock valued at $430,000 after buying an additional 394 shares in the last quarter. Modera Wealth Management LLC increased its holdings in TJX Companies by 4.3% in the third quarter. Modera Wealth Management LLC now owns 9,907 shares of the apparel and home fashions retailer’s stock valued at $1,165,000 after buying an additional 405 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in TJX Companies by 20.2% in the third quarter. Frank Rimerman Advisors LLC now owns 11,695 shares of the apparel and home fashions retailer’s stock valued at $1,375,000 after buying an additional 1,969 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in TJX Companies by 51.5% in the third quarter. J.W. Cole Advisors Inc. now owns 17,987 shares of the apparel and home fashions retailer’s stock valued at $2,114,000 after buying an additional 6,116 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock 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 firm 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 firm’s 50 day moving average price is $122.81 and its 200-day moving average price is $119.72. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. TJX Companies’s payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TJX. Evercore ISI lifted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Morgan Stanley boosted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Jefferies Financial Group boosted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company boosted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Finally, Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.