Fort Washington Investment Advisors Inc. OH Has $7.70 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Fort Washington Investment Advisors Inc. OH cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,721 shares of the apparel and home fashions retailer’s stock after selling 2,360 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in TJX Companies were worth $7,698,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. First Trust Direct Indexing L.P. increased its position in TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after acquiring an additional 5,207 shares in the last quarter. Courier Capital LLC increased its holdings in shares of TJX Companies by 55.1% in the fourth quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock valued at $4,166,000 after purchasing an additional 12,247 shares in the last quarter. Board of the Pension Protection Fund bought a new position in TJX Companies in the 4th quarter worth approximately $713,000. Unigestion Holding SA acquired a new position in TJX Companies during the 3rd quarter worth $22,684,000. Finally, Miracle Mile Advisors LLC increased its stake in shares of TJX Companies by 43.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock valued at $2,549,000 after buying an additional 6,344 shares during the period. 91.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TJX shares. Jefferies Financial Group upped their price target on 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. Evercore ISI lifted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. 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 report on Thursday, December 5th. Finally, Morgan Stanley lifted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.67.

TJX Companies Stock Performance

Shares of TJX opened at $122.56 on Thursday. The firm has a market cap of $137.77 billion, a P/E ratio of 28.84, a PEG ratio of 2.98 and a beta of 0.91. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. 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 firm’s 50 day moving average price is $122.70 and its two-hundred day moving average price is $117.72.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $13.95 billion. During the same period in the prior year, the business earned $1.03 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS 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 paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s 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.