Geode Capital Management LLC Boosts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Geode Capital Management LLC lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 23,857,584 shares of the apparel and home fashions retailer’s stock after acquiring an additional 363,707 shares during the quarter. Geode Capital Management LLC’s holdings in TJX Companies were worth $2,795,121,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Richard W. Paul & Associates LLC bought a new position in TJX Companies in the second quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies in the 3rd quarter worth $29,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies during the 3rd quarter worth $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies during the third quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $125.91 on Tuesday. 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 business has a 50-day simple moving average of $118.26 and a 200-day simple moving average of $114.58. The TJX Companies, Inc. has a 52-week low of $88.58 and a 52-week high of $128.00. The stock has a market cap of $141.54 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 3.10 and a beta of 0.90.

TJX Companies (NYSE:TJX) last released 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. The company 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 firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 earnings per share. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. TJX Companies’s payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TJX shares. Morgan Stanley increased their target price on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, Jefferies Financial Group boosted their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $130.89.

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.