Pallas Capital Advisors LLC Has $12.67 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Pallas Capital Advisors LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,873 shares of the apparel and home fashions retailer’s stock after selling 584 shares during the period. Pallas Capital Advisors LLC’s holdings in TJX Companies were worth $12,670,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ameriprise Financial Inc. lifted its position in TJX Companies by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after acquiring an additional 3,063,318 shares during the period. Capital Wealth Planning LLC purchased a new position in shares of TJX Companies in the second quarter worth $315,698,000. International Assets Investment Management LLC raised its stake in TJX Companies by 13,309.4% during the third quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after purchasing an additional 1,182,272 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in TJX Companies by 161.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock valued at $210,003,000 after acquiring an additional 1,102,912 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of TJX Companies by 281.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock worth $145,166,000 after purchasing an additional 911,351 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Robert W. Baird boosted 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. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. UBS Group increased their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday. Finally, TD Cowen lifted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies Price Performance

TJX stock traded down $0.10 on Monday, reaching $119.96. 4,603,198 shares of the company’s stock were exchanged, compared to its average volume of 4,506,628. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. 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 stock has a fifty day moving average of $122.06 and a 200-day moving average of $117.21. The firm has a market cap of $134.85 billion, a PE ratio of 28.23, a P/E/G ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued 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. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. TJX Companies’s dividend payout ratio is presently 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.