SeaCrest Wealth Management LLC bought a new stake in shares of TJX Companies Inc (NYSE:TJX) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 4,660 shares of the apparel and home fashions retailer’s stock, valued at approximately $356,000.

Other large investors also recently added to or reduced their stakes in the company. Zions Bancorporation raised its stake 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 valued at $100,000 after purchasing an additional 883 shares during the last quarter. Lenox Wealth Management Inc. acquired a new position in TJX Companies during the 2nd quarter valued at $141,000. Highlander Capital Management LLC raised its stake 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 valued at $150,000 after purchasing an additional 500 shares during the last quarter. FTB Advisors Inc. raised its stake 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 valued at $159,000 after purchasing an additional 36 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC acquired a new position in TJX Companies during the 4th quarter valued at $203,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Shares of TJX Companies Inc (TJX) opened at $74.36 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $81.46. The firm has a market cap of $48,181.45, a PE ratio of 20.59, a PEG ratio of 1.63 and a beta of 0.73.

TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. research analysts expect that TJX Companies Inc will post 3.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s payout ratio is 33.78%.

Several equities analysts recently commented on the stock. Goldman Sachs Group set a $79.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note 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 for the company in a research note 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 for the company in a research note 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 for the company in a research note on Saturday, January 20th. Finally, BMO Capital Markets set a $85.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, November 15th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. TJX Companies presently has an average rating of “Buy” and an average price target of $82.53.

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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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