Welch Group LLC Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

Welch Group LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 66,719 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,717 shares during the period. Welch Group LLC’s holdings in TJX Companies were worth $8,079,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. International Assets Investment Management LLC raised its holdings in TJX Companies by 13,309.4% in the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after buying an additional 1,182,272 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of TJX Companies by 161.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock valued at $210,003,000 after acquiring an additional 1,102,912 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of TJX Companies by 281.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock valued at $145,166,000 after acquiring an additional 911,351 shares during the period. Canoe Financial LP raised its stake in shares of TJX Companies by 564.0% in the 4th quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer’s stock valued at $128,568,000 after acquiring an additional 903,939 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of TJX Companies by 13.3% during the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock worth $850,428,000 after purchasing an additional 827,103 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft boosted 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. UBS Group boosted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Robert W. Baird raised their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, TD Cowen upped their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Stock Down 0.4 %

TJX opened at $124.31 on Tuesday. The stock has a market capitalization of $139.74 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The business’s 50-day simple moving average is $123.32 and its 200-day simple moving average is $118.31.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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 business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share. Analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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

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.