QRG Capital Management Inc. Buys 13,938 Shares of The TJX Companies, Inc. (NYSE:TJX)

QRG Capital Management Inc. boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 302,430 shares of the apparel and home fashions retailer’s stock after acquiring an additional 13,938 shares during the quarter. QRG Capital Management Inc.’s holdings in TJX Companies were worth $36,537,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TJX. Bogart Wealth LLC bought a new stake in TJX Companies during the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies during the 4th quarter worth about $26,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the 3rd quarter worth about $29,000. Truvestments Capital LLC bought a new stake in TJX Companies during the 3rd quarter worth about $29,000. Finally, Legacy Investment Solutions LLC bought a new stake in TJX Companies during the 3rd quarter worth about $30,000. 91.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TJX shares. Robert W. Baird boosted their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. UBS Group upped their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Morgan Stanley upped their target price on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a report on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a hold rating and sixteen have issued 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 Stock Up 1.7 %

Shares of TJX opened at $124.80 on Thursday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The firm has a market cap of $140.29 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The firm’s 50-day simple moving average is $122.87 and its 200 day simple moving average is $119.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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

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 given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. TJX Companies’s payout ratio is presently 35.29%.

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.