The TJX Companies, Inc. (NYSE:TJX) Stock Position Increased by Versant Capital Management Inc

Versant Capital Management Inc grew its position in The TJX Companies, Inc. (NYSE:TJX) by 36.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,699 shares of the apparel and home fashions retailer’s stock after purchasing an additional 998 shares during the period. Versant Capital Management Inc’s holdings in TJX Companies were worth $447,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. State Street Corp lifted its holdings in 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 purchasing an additional 469,287 shares during the period. Geode Capital Management LLC raised its position in shares of TJX Companies by 1.5% during the 3rd 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 buying an additional 363,707 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of TJX Companies by 33.4% in the 2nd 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 acquiring 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 third 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. Finally, Franklin Resources Inc. boosted its holdings in shares of TJX Companies by 9.9% in the third 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. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TJX. Deutsche Bank Aktiengesellschaft upped 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. Guggenheim upped their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Jefferies Financial Group raised their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. TD Cowen boosted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Evercore ISI raised their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.89.

TJX Companies Trading Up 0.3 %

Shares of NYSE:TJX opened at $121.15 on Friday. 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 TJX Companies, Inc. has a 52-week low of $91.31 and a 52-week high of $128.00. The stock’s 50-day simple moving average is $121.17 and its two-hundred day simple moving average is $116.68. The stock has a market capitalization of $136.19 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 3.07 and a beta of 0.90.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm 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 business’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors 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 dividend on an annualized basis and a yield of 1.24%. TJX Companies’s dividend payout ratio is currently 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.