New World Advisors LLC Acquires 141,800 Shares of The TJX Companies, Inc. (NYSE:TJX)

New World Advisors LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,854,535 shares of the apparel and home fashions retailer’s stock after purchasing an additional 141,800 shares during the period. TJX Companies comprises approximately 83.1% of New World Advisors LLC’s holdings, making the stock its largest holding. New World Advisors LLC owned about 0.25% of TJX Companies worth $344,856,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. First Trust Direct Indexing L.P. grew its stake in shares of TJX Companies by 12.4% in the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after purchasing an additional 5,207 shares in the last quarter. Congress Asset Management Co. lifted its stake in TJX Companies by 1.1% in the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock worth $148,456,000 after acquiring an additional 13,036 shares in the last quarter. Atlas Legacy Advisors LLC purchased a new stake in TJX Companies in the 4th quarter worth about $433,000. BLB&B Advisors LLC lifted its stake in TJX Companies by 2.8% in the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock worth $9,795,000 after acquiring an additional 2,201 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in TJX Companies by 12.1% in the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock worth $4,130,000 after acquiring an additional 3,691 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of TJX stock opened at $121.08 on Monday. The stock has a 50 day moving average of $122.86 and a two-hundred day moving average of $119.64. 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 TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a market capitalization of $136.11 billion, a P/E ratio of 28.49, a P/E/G ratio of 2.75 and a beta of 0.91.

TJX Companies Dividend Announcement

The company 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 $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. TJX Companies’s dividend payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TJX shares. TD Cowen raised their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft raised their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Robert W. Baird increased their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $134.18.

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.