Board of the Pension Protection Fund Acquires Shares of 5,900 The TJX Companies, Inc. (NYSE:TJX)

Board of the Pension Protection Fund bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, Holdings Channel reports. The firm bought 5,900 shares of the apparel and home fashions retailer’s stock, valued at approximately $713,000.

Other institutional investors and hedge funds have also modified their holdings of the company. One Capital Management LLC lifted its holdings in shares of TJX Companies by 27.8% during the 2nd quarter. One Capital Management LLC now owns 3,331 shares of the apparel and home fashions retailer’s stock valued at $367,000 after buying an additional 725 shares during the last quarter. Savoir Faire Capital Management L.P. raised its position in TJX Companies by 50.8% during the second quarter. Savoir Faire Capital Management L.P. now owns 48,000 shares of the apparel and home fashions retailer’s stock valued at $5,285,000 after acquiring an additional 16,162 shares in the last quarter. Excalibur Management Corp lifted its stake in TJX Companies by 6.2% in the second quarter. Excalibur Management Corp now owns 10,310 shares of the apparel and home fashions retailer’s stock valued at $1,135,000 after acquiring an additional 598 shares during the last quarter. GDS Wealth Management grew its position in TJX Companies by 11.4% in the second quarter. GDS Wealth Management now owns 112,431 shares of the apparel and home fashions retailer’s stock worth $12,379,000 after acquiring an additional 11,549 shares in the last quarter. Finally, Alpha Financial Partners LLC increased its stake in shares of TJX Companies by 8.1% during the 2nd quarter. Alpha Financial Partners LLC now owns 4,222 shares of the apparel and home fashions retailer’s stock worth $465,000 after purchasing an additional 316 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TJX has been the subject of several analyst reports. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Guggenheim upped their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. UBS Group raised their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Evercore ISI upped their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, TD Cowen lifted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. 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 currently has an average rating of “Moderate Buy” and a consensus price target of $131.33.

TJX Companies Price Performance

NYSE:TJX opened at $119.29 on Wednesday. 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 50-day moving average of $122.32 and a 200-day moving average of $117.34. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a market capitalization of $134.10 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results 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 net margin of 8.63% and a return on equity of 61.82%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.26%. TJX Companies’s dividend payout ratio is presently 35.29%.

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.