Principal Financial Group Inc. Acquires 69,064 Shares of The TJX Companies, Inc. (NYSE:TJX)

Principal Financial Group Inc. boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.6% during the third quarter, Holdings Channel.com reports. The fund owned 1,964,220 shares of the apparel and home fashions retailer’s stock after buying an additional 69,064 shares during the quarter. Principal Financial Group Inc.’s holdings in TJX Companies were worth $230,874,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the third quarter valued at approximately $29,000. Truvestments Capital LLC bought a new position in shares of TJX Companies in the 3rd quarter worth $29,000. Copeland Capital Management LLC purchased a new stake in shares of TJX Companies during the 3rd quarter valued at $30,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies during the 3rd quarter worth $30,000. Finally, New Millennium Group LLC purchased a new position in TJX Companies in the second quarter worth $34,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 0.0 %

NYSE TJX opened at $121.20 on Friday. The TJX Companies, Inc. has a 1 year low of $90.04 and a 1 year high of $128.00. The stock has a market capitalization of $136.25 billion, a PE ratio of 28.52, a PEG ratio of 3.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The business’s 50-day moving average is $119.85 and its 200 day moving average is $115.63.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion for 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%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TJX shares. Deutsche Bank Aktiengesellschaft raised their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Barclays raised their price objective on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and upped their target price for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Bank of America lifted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average target price of $130.89.

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.