Norinchukin Bank The Grows Position in TJX Companies Inc (TJX)

Norinchukin Bank The increased its position in shares of TJX Companies Inc (NYSE:TJX) by 7.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,873 shares of the apparel and home fashions retailer’s stock after buying an additional 3,514 shares during the quarter. Norinchukin Bank The’s holdings in TJX Companies were worth $3,890,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TJX. Zions Bancorporation grew its stake in TJX Companies by 185.9% during the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock worth $100,000 after buying an additional 883 shares during the last quarter. IFC Holdings Incorporated FL purchased a new position in TJX Companies during the 3rd quarter worth approximately $203,000. Noesis Capital Mangement Corp purchased a new position in TJX Companies during the 3rd quarter worth approximately $203,000. Franklin Street Advisors Inc. NC purchased a new position in TJX Companies during the 4th quarter worth approximately $203,000. Finally, Keel Point LLC grew its stake in TJX Companies by 4.1% during the 2nd quarter. Keel Point LLC now owns 2,963 shares of the apparel and home fashions retailer’s stock worth $214,000 after buying an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Shares of TJX Companies Inc (TJX) opened at $77.88 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $49,243.72, a P/E ratio of 21.05, a PEG ratio of 1.65 and a beta of 0.73. TJX Companies Inc has a 1-year low of $66.44 and a 1-year high of $81.46.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued 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 is currently 33.78%.

A number of research firms have weighed in on TJX. Wells Fargo & Co cut TJX Companies from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $76.00 to $72.00 in a research report on Wednesday, January 3rd. Guggenheim reaffirmed a “buy” rating and set a $86.00 price objective on shares of TJX Companies in a research report on Friday, December 15th. Zacks Investment Research cut TJX Companies from a “buy” rating to a “sell” rating in a research report on Monday, November 13th. Royal Bank of Canada set a $76.00 price objective on TJX Companies and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Citigroup decreased their price objective on TJX Companies from $88.00 to $81.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. 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’s stock. The company currently has a consensus rating of “Buy” and an average target price of $82.11.

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TJX Companies 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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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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