Pictet North America Advisors SA Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

Pictet North America Advisors SA lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.2% during the 4th quarter, HoldingsChannel reports. The fund owned 32,794 shares of the apparel and home fashions retailer’s stock after acquiring an additional 701 shares during the period. Pictet North America Advisors SA’s holdings in TJX Companies were worth $3,962,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TJX. First Trust Direct Indexing L.P. increased its position in TJX Companies by 12.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after purchasing an additional 5,207 shares in the last quarter. BLB&B Advisors LLC increased its position in TJX Companies by 2.8% during the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock worth $9,795,000 after purchasing an additional 2,201 shares in the last quarter. Courier Capital LLC increased its position in TJX Companies by 55.1% during the 4th quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock worth $4,166,000 after purchasing an additional 12,247 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its position in TJX Companies by 397.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 4,970 shares of the apparel and home fashions retailer’s stock worth $600,000 after purchasing an additional 3,970 shares in the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in TJX Companies during the 4th quarter worth approximately $713,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Robert W. Baird increased their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. TD Cowen upped 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. Evercore ISI lifted their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, UBS Group upped their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.53.

TJX Companies Trading Up 1.2 %

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

TJX Companies (NYSE:TJX) last posted its earnings results 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period in the previous year, the company earned $1.03 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is 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.