Vontobel Holding Ltd. Trims Holdings in The TJX Companies, Inc. (NYSE:TJX)

Vontobel Holding Ltd. reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 26.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 335,946 shares of the apparel and home fashions retailer’s stock after selling 118,651 shares during the period. Vontobel Holding Ltd.’s holdings in TJX Companies were worth $40,586,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TJX. Bogart Wealth LLC acquired a new stake in TJX Companies during the fourth quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies during the 4th quarter worth $26,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies during the 3rd quarter worth $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies during the third quarter worth $29,000. Finally, Copeland Capital Management LLC purchased a new stake in shares of TJX Companies in the third quarter valued at $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TJX. TD Cowen increased their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Morgan Stanley increased their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Finally, 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 research note on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.53.

TJX Companies Stock Performance

TJX Companies stock opened at $125.88 on Friday. The firm has a market capitalization of $141.50 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The stock’s 50 day moving average price is $123.20 and its 200 day moving average price is $118.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The business 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 business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 earnings per share. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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 given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. TJX Companies’s payout ratio is currently 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.