The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 26.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 335,946 shares of the apparel and home fashions retailer’s stock after selling 118,651 shares during the period. Vontobel Holding Ltd.’s holdings in TJX Companies were worth $40,586,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TJX. Bogart Wealth LLC bought a new stake in shares of TJX Companies in the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the fourth quarter worth about $26,000. Capital Performance Advisors LLP acquired a new position in TJX Companies in the third quarter worth about $29,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies in the third quarter valued at about $30,000. Finally, Truvestments Capital LLC acquired a new stake in TJX Companies during the third quarter valued at approximately $29,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TJX has been the subject of several research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Jefferies Financial Group boosted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Guggenheim lifted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group increased their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $133.53.

TJX Companies Trading Up 1.2 %

Shares of TJX stock opened at $125.88 on Friday. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The firm has a market capitalization of $141.50 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The stock has a fifty day moving average of $123.20 and a two-hundred day moving average of $118.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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

TJX Companies Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio is presently 35.29%.

TJX Companies Company 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.