Factory Mutual Insurance Co. Has $31.07 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Factory Mutual Insurance Co. lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 20.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 257,200 shares of the apparel and home fashions retailer’s stock after selling 67,400 shares during the period. Factory Mutual Insurance Co.’s holdings in TJX Companies were worth $31,072,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TJX. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies in the 4th quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in TJX Companies in the 3rd quarter valued at about $29,000. Truvestments Capital LLC bought a new stake in TJX Companies in the 3rd quarter valued at about $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies in the 3rd quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in TJX Companies in the 3rd quarter valued at about $30,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $124.83 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The firm has a 50 day simple moving average of $123.25 and a 200 day simple moving average of $118.18. The company has a market cap of $140.33 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 3.04 and a beta of 0.91.

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 (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $13.95 billion. During the same period in the prior year, the company posted $1.03 EPS. The company’s revenue was up 6.0% on a year-over-year basis. Research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm 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 $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of recent research reports. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Robert W. Baird upped their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Wells Fargo & Company upped their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Finally, Jefferies Financial Group upped their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. 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.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

About TJX Companies

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.