Illinois Municipal Retirement Fund Increases Position in The TJX Companies, Inc. (NYSE:TJX)

Illinois Municipal Retirement Fund lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 216,101 shares of the apparel and home fashions retailer’s stock after acquiring an additional 7,269 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in TJX Companies were worth $26,107,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Provident Trust Co. lifted its stake in TJX Companies by 71.3% in the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock valued at $328,984,000 after purchasing an additional 1,133,486 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in TJX Companies by 161.3% during the 3rd 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 period. Robeco Institutional Asset Management B.V. raised its holdings in TJX Companies by 281.6% during 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 holdings in TJX Companies by 564.0% during 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 raised its holdings in 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 valued at $850,428,000 after acquiring an additional 827,103 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $121.35 on Tuesday. 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 company has a market cap of $136.42 billion, a P/E ratio of 28.55, a P/E/G ratio of 2.75 and a beta of 0.91. The firm’s fifty day moving average is $122.81 and its two-hundred day moving average is $119.72. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders 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 yield of 1.24%. TJX Companies’s dividend payout ratio is currently 35.29%.

Analysts Set New Price Targets

TJX has been the topic of a number of analyst reports. UBS Group boosted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group boosted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Evercore ISI upped their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.18.

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.