Bank Pictet & Cie Europe AG Decreases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Bank Pictet & Cie Europe AG decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,630 shares of the apparel and home fashions retailer’s stock after selling 1,557 shares during the period. Bank Pictet & Cie Europe AG’s holdings in TJX Companies were worth $3,700,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TJX. Creative Planning lifted its position in TJX Companies by 5.5% during the third quarter. Creative Planning now owns 323,654 shares of the apparel and home fashions retailer’s stock valued at $38,042,000 after acquiring an additional 16,883 shares during the last quarter. SPC Financial Inc. increased its stake in TJX Companies by 34.4% during the 3rd quarter. SPC Financial Inc. now owns 3,608 shares of the apparel and home fashions retailer’s stock valued at $424,000 after purchasing an additional 923 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in TJX Companies by 3.6% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 5,953 shares of the apparel and home fashions retailer’s stock valued at $700,000 after purchasing an additional 209 shares in the last quarter. Buffington Mohr McNeal increased its stake in TJX Companies by 1.3% during the 3rd quarter. Buffington Mohr McNeal now owns 7,947 shares of the apparel and home fashions retailer’s stock valued at $934,000 after purchasing an additional 104 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its stake in TJX Companies by 1.4% during the 3rd quarter. Bleakley Financial Group LLC now owns 20,766 shares of the apparel and home fashions retailer’s stock valued at $2,441,000 after purchasing an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Guggenheim increased their price objective on shares of 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 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. Morgan Stanley increased their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note 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.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $133.53.

TJX Companies Stock Performance

TJX opened at $124.33 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 company has a market cap of $139.77 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.82 and a beta of 0.91. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The firm’s fifty day simple moving average is $123.20 and its two-hundred day simple moving average is $119.03.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results 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 business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period last year, the business earned $1.03 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared 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 dividend yield of 1.21%. The ex-dividend date is Thursday, February 13th. 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.