5,900 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by Board of the Pension Protection Fund

Board of the Pension Protection Fund acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,900 shares of the apparel and home fashions retailer's stock, valued at approximately $713,000.

A number of other institutional investors have also recently added to or reduced their stakes in TJX. First Trust Direct Indexing L.P. grew its position in shares of TJX Companies by 12.4% during the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer's stock worth $5,537,000 after acquiring an additional 5,207 shares during the last quarter. Courier Capital LLC grew its position in TJX Companies by 55.1% in the 4th quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer's stock worth $4,166,000 after purchasing an additional 12,247 shares during the last quarter. Unigestion Holding SA acquired a new stake in shares of TJX Companies in the third quarter valued at approximately $22,684,000. Nordea Investment Management AB raised its holdings in shares of TJX Companies by 13.3% during the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer's stock valued at $850,428,000 after buying an additional 827,103 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its position in shares of TJX Companies by 43.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer's stock worth $2,549,000 after buying an additional 6,344 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on TJX shares. Jefferies Financial Group raised their target price on TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Robert W. Baird lifted 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Evercore ISI boosted 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. Finally, UBS Group increased their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $131.33.

TJX Companies Price Performance

NYSE TJX opened at $119.29 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a market cap of $134.10 billion, a PE ratio of 28.07, a PEG ratio of 3.07 and a beta of 0.91. The stock's 50-day moving average price is $122.32 and its two-hundred day moving average price is $117.34.

TJX Companies (NYSE:TJX - Get Free Report) last released 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 analysts' consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. The firm's revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, February 13th. TJX Companies's payout ratio is 35.29%.

TJX Companies 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.

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