Cabot Wealth Management Inc. grew its holdings in TJX Companies Inc (NYSE:TJX) by 1.0% in the 4th quarter, HoldingsChannel reports. The fund owned 99,212 shares of the apparel and home fashions retailer’s stock after buying an additional 1,029 shares during the period. TJX Companies makes up 1.6% of Cabot Wealth Management Inc.’s holdings, making the stock its 22nd biggest holding. Cabot Wealth Management Inc.’s holdings in TJX Companies were worth $7,586,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Zions Bancorporation boosted its holdings in TJX Companies by 185.9% in the third quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock worth $100,000 after acquiring an additional 883 shares in the last quarter. IFC Holdings Incorporated FL acquired a new stake in TJX Companies in the third quarter worth about $203,000. Noesis Capital Mangement Corp acquired a new stake in TJX Companies in the third quarter worth about $203,000. Franklin Street Advisors Inc. NC acquired a new stake in TJX Companies in the fourth quarter worth about $203,000. Finally, Kovack Advisors Inc. acquired a new stake in TJX Companies in the fourth quarter worth about $226,000. 89.67% of the stock is owned by institutional investors and hedge funds.
Shares of TJX Companies Inc (NYSE:TJX) opened at $78.85 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $49,860.00, a PE ratio of 21.31, a P/E/G ratio of 1.65 and a beta of 0.73. TJX Companies Inc has a twelve month low of $66.44 and a twelve month high of $81.46.
Several brokerages have weighed in on TJX. Zacks Investment Research raised TJX Companies from a “hold” rating to a “strong-buy” rating and set a $88.00 price target for the company in a report on Friday, February 16th. Nomura reissued a “buy” rating and issued a $87.00 price target (up previously from $75.00) on shares of TJX Companies in a report on Wednesday, January 17th. Wells Fargo & Co downgraded TJX Companies from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $76.00 to $72.00 in a report on Wednesday, January 3rd. Guggenheim reaffirmed a “buy” rating and set a $86.00 target price on shares of TJX Companies in a report on Friday, December 15th. Finally, Cowen set a $88.00 target price on TJX Companies and gave the stock a “buy” rating in a report on Wednesday, December 13th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $81.94.
About TJX Companies
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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