Border to Coast Pensions Partnership Ltd Grows Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Border to Coast Pensions Partnership Ltd boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 11.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 398,824 shares of the apparel and home fashions retailer’s stock after buying an additional 41,916 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in TJX Companies were worth $48,150,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of TJX Companies by 1.0% in the third quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock worth $5,589,783,000 after acquiring an additional 469,287 shares during the last quarter. Geode Capital Management LLC raised its stake in TJX Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock worth $2,795,121,000 after purchasing an additional 363,707 shares during the period. Ameriprise Financial Inc. raised its stake in TJX Companies by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after purchasing an additional 3,063,318 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of TJX Companies by 7.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock valued at $1,079,319,000 after purchasing an additional 643,833 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of TJX Companies by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock valued at $837,951,000 after buying an additional 657,529 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX Companies stock opened at $121.42 on Friday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. 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 company has a market capitalization of $136.49 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The firm’s fifty day moving average price is $122.39 and its 200 day moving average price is $117.35.

TJX Companies (NYSE:TJX) last announced its 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 return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Robert W. Baird lifted their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Evercore ISI boosted their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. UBS Group raised their price target 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. Finally, Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies 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.