Channing Global Advisors LLC Acquires 3,974 Shares of The TJX Companies, Inc. (NYSE:TJX)

Channing Global Advisors LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 42.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,298 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,974 shares during the period. TJX Companies comprises approximately 1.1% of Channing Global Advisors LLC’s holdings, making the stock its 23rd biggest holding. Channing Global Advisors LLC’s holdings in TJX Companies were worth $1,607,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of TJX Companies by 1.0% in the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock valued at $5,589,783,000 after purchasing an additional 469,287 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of TJX Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock valued at $2,795,121,000 after purchasing an additional 363,707 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of TJX Companies by 7.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock valued at $1,079,319,000 after purchasing an additional 643,833 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of TJX Companies by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock valued at $837,951,000 after purchasing an additional 657,529 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in TJX Companies by 13.3% during the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock worth $850,428,000 after buying an additional 827,103 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE TJX opened at $124.66 on Wednesday. The business has a 50 day simple moving average of $123.22 and a 200 day simple moving average of $118.94. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week 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 stock has a market cap of $140.14 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 2.82 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business 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 business earned $1.03 EPS. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. 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 1.20%. TJX Companies’s payout ratio is 35.29%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Guggenheim upped their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Evercore ISI upped 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. UBS Group upped their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. TD Cowen upped their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, 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 research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $133.53.

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.