Unigestion Holding SA Invests $22.68 Million in The TJX Companies, Inc. (NYSE:TJX)

Unigestion Holding SA purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 193,153 shares of the apparel and home fashions retailer's stock, valued at approximately $22,684,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. State Street Corp grew its holdings in 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 buying an additional 469,287 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of TJX Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer's stock worth $2,795,121,000 after buying an additional 363,707 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of TJX Companies by 33.4% in the second 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 buying an additional 3,063,318 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in TJX Companies by 7.5% in the third 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 worth $1,079,319,000 after purchasing an additional 643,833 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in TJX Companies by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer's stock valued at $689,812,000 after acquiring an additional 662,681 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of TJX traded down $0.37 during trading hours on Wednesday, hitting $126.83. The stock had a trading volume of 5,440,605 shares, compared to its average volume of 5,243,969. The firm has a market capitalization of $142.58 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 3.10 and a beta of 0.90. The firm has a 50-day moving average price of $118.47 and a 200 day moving average price of $114.75. 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 TJX Companies, Inc. has a fifty-two week low of $88.58 and a fifty-two week high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company's quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $1.03 EPS. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.18%. TJX Companies's dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TJX shares. BMO Capital Markets increased their price target on TJX Companies from $116.00 to $133.00 and gave the company an "outperform" rating in a research report on Thursday, August 22nd. Telsey Advisory Group restated an "outperform" rating and issued a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. UBS Group boosted their price target on TJX Companies from $134.00 to $148.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. Citigroup lowered TJX Companies from a "buy" rating to a "neutral" rating and upped their price target for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company upped their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an "equal weight" rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $130.89.

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.