Victory Capital Management Inc. Buys 18,935 Shares of The TJX Companies, Inc. (NYSE:TJX)

Victory Capital Management Inc. lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 911,394 shares of the apparel and home fashions retailer’s stock after buying an additional 18,935 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of TJX Companies worth $110,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies in the third quarter valued at approximately $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies in the third quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC bought a new stake in TJX Companies during the third quarter worth $30,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

NYSE TJX opened at $123.08 on Thursday. The company has a market capitalization of $138.36 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 2.75 and a beta of 0.91. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The stock has a fifty day simple moving average of $122.96 and a 200 day simple moving average of $120.27. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.22%. TJX Companies’s payout ratio is 35.21%.

Insider Activity at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on TJX. Deutsche Bank Aktiengesellschaft upped their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays upped their target price on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Morgan Stanley upped their target price 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 cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Robert W. Baird upped their target price on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $135.06.

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.