Icon Advisers Inc. Co. boosted its stake in shares of TJX Companies Inc (NYSE:TJX) by 175.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,901 shares of the apparel and home fashions retailer’s stock after acquiring an additional 13,301 shares during the quarter. Icon Advisers Inc. Co.’s holdings in TJX Companies were worth $1,598,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Zions Bancorporation grew its holdings 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 acquiring an additional 883 shares during the last quarter. Lenox Wealth Management Inc. bought a new stake in TJX Companies during the 2nd quarter worth about $141,000. Highlander Capital Management LLC grew its holdings in TJX Companies by 31.3% during the 2nd 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 last quarter. FTB Advisors Inc. grew its holdings in TJX Companies by 1.6% during the 2nd quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock worth $159,000 after acquiring an additional 36 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC bought a new stake in TJX Companies during the 4th quarter worth about $203,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on TJX. Goldman Sachs Group set a $79.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, November 15th. Nomura cut their target price on shares of TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Citigroup cut their target price on shares of TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Saturday, January 20th. Finally, BMO Capital Markets set a $85.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, November 15th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $82.00.

Shares of TJX Companies Inc (TJX) opened at $75.64 on Friday. The firm has a market cap of $47,827.40, a P/E ratio of 20.44, a P/E/G ratio of 1.62 and a beta of 0.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. TJX Companies Inc has a 52-week low of $66.44 and a 52-week high of $81.46.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.00. The business had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.86 billion. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. TJX Companies’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. research analysts predict that TJX Companies Inc will post 3.93 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors 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 dividend on an annualized basis and a dividend yield of 1.65%. TJX Companies’s dividend payout ratio is 33.78%.

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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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