Flossbach Von Storch SE lowered its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 23.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 113,124 shares of the apparel and home fashions retailer's stock after selling 33,935 shares during the period. Flossbach Von Storch SE's holdings in TJX Companies were worth $13,667,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Boston Financial Mangement LLC lifted its holdings in shares of TJX Companies by 3.1% in the 4th quarter. Boston Financial Mangement LLC now owns 22,464 shares of the apparel and home fashions retailer's stock valued at $2,714,000 after acquiring an additional 668 shares during the last quarter. First Bank & Trust raised its position in TJX Companies by 8.4% in the 4th quarter. First Bank & Trust now owns 3,256 shares of the apparel and home fashions retailer's stock worth $393,000 after purchasing an additional 251 shares during the period. Concurrent Investment Advisors LLC raised its position in TJX Companies by 18.0% in the 4th quarter. Concurrent Investment Advisors LLC now owns 56,007 shares of the apparel and home fashions retailer's stock worth $6,766,000 after purchasing an additional 8,528 shares during the period. Sunpointe LLC raised its position in TJX Companies by 2.5% in the 4th quarter. Sunpointe LLC now owns 6,606 shares of the apparel and home fashions retailer's stock worth $798,000 after purchasing an additional 164 shares during the period. Finally, Ieq Capital LLC raised its position in TJX Companies by 9.9% in the 4th quarter. Ieq Capital LLC now owns 87,274 shares of the apparel and home fashions retailer's stock worth $10,544,000 after purchasing an additional 7,876 shares during the period. Institutional investors own 91.09% of the company's stock.
TJX has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. UBS Group raised their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Evercore ISI increased their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Morgan Stanley lifted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Finally, Jefferies Financial Group lifted their price objective 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. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $134.18.
Get Our Latest Stock Analysis on TJX
TJX opened at $123.41 on Thursday. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $123.00 and a 200 day moving average price of $119.37. The company has a market cap of $138.73 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 2.76 and a beta of 0.91.
TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $13.95 billion. During the same quarter in the prior year, the company earned $1.03 EPS. TJX Companies's revenue was up 6.0% compared to the same quarter last year. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.22%. TJX Companies's dividend payout ratio is presently 35.29%.
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.
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