Valmark Advisers Inc. Purchases 262 Shares of The TJX Companies, Inc. (NYSE:TJX)

Valmark Advisers Inc. boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 10.0% during the fourth quarter, HoldingsChannel reports. The fund owned 2,890 shares of the apparel and home fashions retailer’s stock after buying an additional 262 shares during the quarter. Valmark Advisers Inc.’s holdings in TJX Companies were worth $349,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its position in shares of TJX Companies by 1.0% in the third quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock valued at $5,589,783,000 after purchasing an additional 469,287 shares during the period. Geode Capital Management LLC grew its stake in TJX Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock valued at $2,795,121,000 after buying an additional 363,707 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in TJX Companies by 7.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock valued at $1,079,319,000 after acquiring an additional 643,833 shares during the period. Franklin Resources Inc. raised its holdings in TJX Companies by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock valued at $837,951,000 after acquiring an additional 657,529 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of TJX Companies by 13.3% during the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock worth $850,428,000 after acquiring an additional 827,103 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Robert W. Baird boosted their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley upped their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. UBS Group boosted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Guggenheim upped their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen raised their price target 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. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Price Performance

TJX opened at $123.82 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $139.20 billion, a P/E ratio of 29.13, a PEG ratio of 2.82 and a beta of 0.91. The stock has a 50-day moving average price of $123.14 and a 200-day moving average price of $119.27. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid 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 1.21%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

TJX Companies 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.