GAM Holding AG Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

GAM Holding AG bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, HoldingsChannel.com reports. The firm bought 9,661 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,167,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TJX. Howard Capital Management Group LLC lifted its position in TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after acquiring an additional 69,489 shares during the last quarter. Capital Investment Advisors LLC raised its position in shares of TJX Companies by 9.4% during the third quarter. Capital Investment Advisors LLC now owns 2,669 shares of the apparel and home fashions retailer’s stock valued at $314,000 after buying an additional 230 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of TJX Companies during the third quarter valued at about $37,000. Community Financial Services Group LLC raised its position in shares of TJX Companies by 0.9% during the third quarter. Community Financial Services Group LLC now owns 20,110 shares of the apparel and home fashions retailer’s stock valued at $2,364,000 after buying an additional 177 shares during the last quarter. Finally, Copeland Capital Management LLC acquired a new position in shares of TJX Companies during the third quarter valued at about $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TJX. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Morgan Stanley upped their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. TD Cowen upped their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Finally, Evercore ISI upped their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.53.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $123.82 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $139.20 billion, a price-to-earnings ratio of 29.13, a P/E/G ratio of 2.78 and a beta of 0.91. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The firm’s 50-day moving average price is $123.07 and its two-hundred day moving average price is $119.34.

TJX Companies (NYSE:TJX) last issued 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 firm had revenue of $14.06 billion for 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 company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. On average, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.21%. TJX Companies’s dividend payout ratio is 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.