The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 287,416 shares of the apparel and home fashions retailer’s stock after acquiring an additional 7,150 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in TJX Companies were worth $34,803,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies during the fourth quarter worth about $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies in the third quarter valued at approximately $29,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies during the 3rd quarter worth approximately $30,000. Truvestments Capital LLC acquired a new stake in TJX Companies during the 3rd quarter worth approximately $29,000. Finally, Copeland Capital Management LLC purchased a new position in TJX Companies in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TJX shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft increased their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Guggenheim boosted their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company increased their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Finally, Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Stock Up 0.1 %

Shares of NYSE TJX opened at $122.75 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $122.73 and a 200 day moving average price of $117.75. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The stock has a market capitalization of $137.99 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders 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 dividend yield of 1.22%. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

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.