The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm 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 quarter.

Several other hedge funds have also made changes to their positions in TJX. Capital Performance Advisors LLP acquired a new stake in TJX Companies during the 3rd quarter worth approximately $29,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies during the third quarter worth approximately $29,000. Copeland Capital Management LLC purchased a new stake in shares of TJX Companies during the third quarter worth approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies during the third quarter worth $30,000. Finally, Northwest Investment Counselors LLC purchased a new position in TJX Companies in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Robert W. Baird upped their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Evercore ISI increased 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. TD Cowen lifted their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Finally, Guggenheim raised their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.33.

TJX Companies Stock Performance

NYSE TJX opened at $121.42 on Friday. 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 TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The business has a fifty day moving average of $122.39 and a 200-day moving average of $117.35. The stock has a market cap 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.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. As a group, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company 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. This represents a $1.50 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. 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.