OmniStar Financial Group Inc. Takes $389,000 Position in The TJX Companies, Inc. (NYSE:TJX)

OmniStar Financial Group Inc. purchased a new position in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,700 shares of the apparel and home fashions retailer’s stock, valued at approximately $389,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jennison Associates LLC grew its stake in shares of The TJX Companies by 152,536.5% during the fourth quarter. Jennison Associates LLC now owns 15,352,184 shares of the apparel and home fashions retailer’s stock worth $1,048,401,000 after acquiring an additional 15,342,126 shares during the last quarter. FMR LLC lifted its holdings in shares of The TJX Companies by 19.6% during the fourth quarter. FMR LLC now owns 26,414,339 shares of the apparel and home fashions retailer’s stock worth $1,803,835,000 after purchasing an additional 4,330,736 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of The TJX Companies by 19.3% during the third quarter. JPMorgan Chase & Co. now owns 16,483,717 shares of the apparel and home fashions retailer’s stock worth $892,758,000 after purchasing an additional 2,665,468 shares during the period. Alkeon Capital Management LLC lifted its holdings in shares of The TJX Companies by 71.4% during the third quarter. Alkeon Capital Management LLC now owns 5,485,000 shares of the apparel and home fashions retailer’s stock worth $305,240,000 after purchasing an additional 2,285,000 shares during the period. Finally, Neuberger Berman Group LLC lifted its holdings in shares of The TJX Companies by 63.6% during the third quarter. Neuberger Berman Group LLC now owns 5,646,914 shares of the apparel and home fashions retailer’s stock worth $314,199,000 after purchasing an additional 2,195,285 shares during the period. Institutional investors own 88.81% of the company’s stock.

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on The TJX Companies from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, January 21st. Royal Bank of Canada restated a “buy” rating on shares of The TJX Companies in a report on Tuesday, January 19th. Morgan Stanley upped their price target on The TJX Companies from $70.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, January 20th. Barclays increased their target price on The TJX Companies from $66.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, November 19th. Finally, Robert W. Baird increased their target price on The TJX Companies from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, November 19th. Four equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $68.31.

TJX opened at $69.55 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.41 and a quick ratio of 0.99. The business has a 50 day simple moving average of $67.59 and a 200-day simple moving average of $60.96. The stock has a market capitalization of $83.50 billion, a P/E ratio of 115.92, a P/E/G ratio of 14.77 and a beta of 0.93. The TJX Companies, Inc. has a 12 month low of $32.72 and a 12 month high of $70.96.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 4th. Investors of record on Thursday, February 11th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, February 10th. This is a boost from The TJX Companies’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 1.50%. The TJX Companies’s payout ratio is currently 38.95%.

The TJX Companies Company Profile

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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