Montag A & Associates Inc. acquired a new position in TJX Companies Inc (NYSE:TJX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 52,666 shares of the apparel and home fashions retailer’s stock, valued at approximately $4,027,000.
Other large investors have also added to or reduced their stakes in the company. Zions Bancorporation increased its stake in shares of TJX Companies by 185.9% in the third quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock worth $100,000 after acquiring an additional 883 shares during the period. Highlander Capital Management LLC increased its stake in shares of TJX Companies by 31.3% in the second quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock worth $150,000 after acquiring an additional 500 shares during the period. Franklin Street Advisors Inc. NC acquired a new stake in shares of TJX Companies in the fourth quarter worth $203,000. IFC Holdings Incorporated FL acquired a new stake in shares of TJX Companies in the third quarter worth $203,000. Finally, Noesis Capital Mangement Corp acquired a new stake in shares of TJX Companies in the third quarter worth $203,000. Hedge funds and other institutional investors own 90.37% of the company’s stock.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Saturday, January 20th. Goldman Sachs Group lowered shares of TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price objective on the stock. in a research note on Tuesday, December 5th. Wells Fargo & Co lowered shares of TJX Companies from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $76.00 to $72.00 in a research note on Wednesday, January 3rd. Nomura reiterated a “buy” rating and issued a $87.00 price objective (up previously from $75.00) on shares of TJX Companies in a research note on Wednesday, January 17th. Finally, Cowen set a $88.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, December 13th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. TJX Companies presently has an average rating of “Buy” and a consensus price target of $82.11.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 annualized dividend and a dividend yield of 1.61%. TJX Companies’s dividend payout ratio (DPR) is 33.78%.
TJX Companies Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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