KBC Group NV Has $71.94 Million Position in The TJX Companies, Inc. (NYSE:TJX)

KBC Group NV grew its position in The TJX Companies, Inc. (NYSE:TJX) by 182.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 595,513 shares of the apparel and home fashions retailer’s stock after acquiring an additional 384,869 shares during the period. KBC Group NV owned about 0.05% of TJX Companies worth $71,944,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. First Trust Direct Indexing L.P. grew its holdings in TJX Companies by 12.4% during the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after purchasing an additional 5,207 shares during the period. Courier Capital LLC lifted its holdings in TJX Companies by 55.1% during the 4th quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock valued at $4,166,000 after purchasing an additional 12,247 shares during the last quarter. Board of the Pension Protection Fund bought a new position in TJX Companies during the fourth quarter worth $713,000. Miracle Mile Advisors LLC increased its holdings in shares of TJX Companies by 43.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock valued at $2,549,000 after purchasing an additional 6,344 shares during the last quarter. Finally, Unigestion Holding SA bought a new position in shares of TJX Companies in the third quarter valued at about $22,684,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $122.61 on Monday. The company’s 50 day simple moving average is $122.84 and its 200 day simple moving average is $117.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The stock has a market capitalization of $137.83 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating 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 company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter last year, the company posted $1.03 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced 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 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 currently 35.29%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TJX shares. Wells Fargo & Company upped their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Evercore ISI upped their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upped their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, UBS Group lifted their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Three investment 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 has an average rating of “Moderate Buy” and an average price target of $131.67.

About TJX Companies

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.