TCW Group Inc. Boosts Stake in The TJX Companies, Inc. (NYSE:TJX)

TCW Group Inc. increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bogart Wealth LLC acquired a new stake in TJX Companies during the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies during the 4th quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies during the 3rd quarter worth approximately $29,000. Truvestments Capital LLC acquired a new stake in TJX Companies during the 3rd quarter worth approximately $29,000. Finally, Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TJX. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Wells Fargo & Company increased their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Guggenheim raised their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. TD Cowen raised their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group raised their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.18.

TJX Companies Trading Up 0.2 %

Shares of TJX Companies stock opened at $121.35 on Tuesday. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. 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 company has a market capitalization of $136.42 billion, a P/E ratio of 28.55, a PEG ratio of 2.75 and a beta of 0.91. The company’s fifty day moving average is $122.81 and its two-hundred day moving average is $119.72.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio 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.