Baillie Gifford & Co. Has $14.80 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Baillie Gifford & Co. cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,465 shares of the apparel and home fashions retailer’s stock after selling 1,854 shares during the quarter. Baillie Gifford & Co.’s holdings in TJX Companies were worth $14,795,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bogart Wealth LLC acquired a new stake in TJX Companies in the fourth quarter valued at about $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies in the fourth quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies in the third quarter valued at about $29,000. Truvestments Capital LLC bought a new position in TJX Companies in the third quarter valued at about $29,000. Finally, Copeland Capital Management LLC bought a new position in TJX Companies in the third quarter valued at about $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Down 1.2 %

NYSE TJX opened at $124.33 on Tuesday. The business has a 50 day simple moving average of $123.17 and a 200 day simple moving average of $119.19. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The stock has a market capitalization of $139.77 billion, a P/E ratio of 29.25, a P/E/G ratio of 2.82 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. Research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.21%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analyst Ratings Changes

Several equities analysts have commented on TJX shares. Robert W. Baird increased their target price on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. TD Cowen increased their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft increased their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Jefferies Financial Group increased their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $133.53.

TJX Companies Company 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.