The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Azimuth Capital Management LLC

Azimuth Capital Management LLC boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 65,995 shares of the apparel and home fashions retailer’s stock after purchasing an additional 485 shares during the period. Azimuth Capital Management LLC’s holdings in The TJX Companies were worth $4,507,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TJX. OLD Second National Bank of Aurora purchased a new position in The TJX Companies during the 3rd quarter worth $28,000. JJJ Advisors Inc. boosted its holdings in shares of The TJX Companies by 4,522.2% in the fourth quarter. JJJ Advisors Inc. now owns 416 shares of the apparel and home fashions retailer’s stock valued at $28,000 after acquiring an additional 407 shares in the last quarter. JNBA Financial Advisors boosted its holdings in shares of The TJX Companies by 430.0% in the fourth quarter. JNBA Financial Advisors now owns 424 shares of the apparel and home fashions retailer’s stock valued at $29,000 after acquiring an additional 344 shares in the last quarter. WD Rutherford LLC purchased a new stake in The TJX Companies during the fourth quarter worth about $36,000. Finally, RWM Asset Management LLC purchased a new stake in The TJX Companies during the fourth quarter worth about $46,000. 88.81% of the stock is currently owned by institutional investors.

Shares of The TJX Companies stock traded up $0.77 on Tuesday, reaching $70.32. 248,774 shares of the company were exchanged, compared to its average volume of 6,129,570. The TJX Companies, Inc. has a one year low of $32.72 and a one year high of $70.96. The company has a market capitalization of $84.43 billion, a price-to-earnings ratio of 115.92, a PEG ratio of 14.77 and a beta of 0.93. The company has a current ratio of 1.41, a quick ratio of 0.99 and a debt-to-equity ratio of 0.98. The company has a 50-day moving average of $67.59 and a 200 day moving average of $60.96.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 4th. Investors of record on Thursday, February 11th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Wednesday, February 10th. This is a boost from The TJX Companies’s previous quarterly dividend of $0.23. The TJX Companies’s dividend payout ratio is 38.95%.

A number of equities analysts have issued reports on TJX shares. Morgan Stanley lifted their target price on shares of The TJX Companies from $70.00 to $76.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 20th. Robert W. Baird boosted their price objective on shares of The TJX Companies from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, November 19th. Barclays boosted their price objective on shares of The TJX Companies from $66.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, November 19th. Bank of America reiterated a “buy” rating and set a $70.00 price objective on shares of The TJX Companies in a research note on Tuesday, November 10th. Finally, Credit Suisse Group boosted their price objective on shares of The TJX Companies from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, November 19th. Four research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $68.31.

About The TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; fine jewelry and accessories; and other merchandise.

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

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