6,439 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by FourThought Financial Partners LLC

FourThought Financial Partners LLC purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,439 shares of the apparel and home fashions retailer’s stock, valued at approximately $778,000.

Other hedge funds have also modified their holdings of the company. Bogart Wealth LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies during the fourth quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies in the third quarter valued at about $29,000. Truvestments Capital LLC bought a new position in shares of TJX Companies in the third quarter worth about $29,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies during the third quarter worth about $30,000. 91.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Morgan Stanley upped their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Guggenheim raised their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research note on Wednesday, February 19th. Finally, UBS Group raised their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $134.18.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $122.71 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a 50 day moving average price of $122.80 and a 200-day moving average price of $119.80. The stock has a market cap of $137.94 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

TJX Companies Company 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.