EFG Asset Management Americas Corp. Boosts Position in The TJX Companies, Inc. (NYSE:TJX)

EFG Asset Management Americas Corp. lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,548 shares of the apparel and home fashions retailer’s stock after acquiring an additional 805 shares during the period. EFG Asset Management Americas Corp.’s holdings in TJX Companies were worth $1,999,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of TJX. State Street Corp raised its holdings in TJX Companies by 1.0% in the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock valued at $5,589,783,000 after buying an additional 469,287 shares during the period. Geode Capital Management LLC grew its position in TJX Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock valued at $2,795,121,000 after acquiring an additional 363,707 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 acquiring an additional 643,833 shares in the last quarter. Franklin Resources Inc. grew its position in TJX Companies by 9.9% in 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 acquiring an additional 657,529 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in TJX Companies by 13.3% in 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 in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX opened at $120.47 on Friday. The business’s 50-day moving average price is $122.87 and its 200 day moving average price is $120.27. The company has a market capitalization of $135.43 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 13th were issued a dividend of $0.375 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. TJX Companies’s payout ratio is currently 35.21%.

Insider Activity at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on TJX shares. Guggenheim lifted their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird boosted their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. BMO Capital Markets upped their price target on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Morgan Stanley boosted their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Finally, UBS Group upped their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average target price of $135.06.

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.