The TJX Companies, Inc. (NYSE:TJX) is Renaissance Investment Group LLC’s 6th Largest Position

Renaissance Investment Group LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 151,218 shares of the apparel and home fashions retailer’s stock after selling 676 shares during the quarter. TJX Companies makes up about 3.9% of Renaissance Investment Group LLC’s investment portfolio, making the stock its 6th biggest position. Renaissance Investment Group LLC’s holdings in TJX Companies were worth $18,269,000 as of its most recent SEC filing.

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

TJX Companies Price Performance

TJX stock opened at $121.89 on Friday. The stock’s 50 day moving average is $122.56 and its two-hundred day moving average is $117.46. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a market capitalization of $137.03 billion, a PE ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

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, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share 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 given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. TJX Companies’s payout ratio is 35.29%.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research reports. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. Jefferies Financial Group boosted their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Robert W. Baird boosted their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Guggenheim raised their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

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.