Banque Pictet & Cie SA Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Banque Pictet & Cie SA grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,475 shares of the apparel and home fashions retailer's stock after buying an additional 4,182 shares during the quarter. Banque Pictet & Cie SA's holdings in TJX Companies were worth $30,018,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bogart Wealth LLC purchased a new stake in TJX Companies in the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies during the third quarter valued at about $29,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies during the third quarter worth about $30,000. Finally, Truvestments Capital LLC bought a new stake in TJX Companies in the 3rd quarter worth about $29,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $0.52 during trading on Tuesday, hitting $123.82. 5,121,298 shares of the company were exchanged, compared to its average volume of 4,288,396. The company has a market cap of $139.20 billion, a PE ratio of 29.13, a P/E/G ratio of 2.82 and a beta of 0.91. 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 current ratio of 1.19 and a quick ratio of 0.50. The stock has a 50 day moving average of $123.14 and a 200 day moving average of $119.27.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $13.95 billion. During the same quarter last year, the company earned $1.03 EPS. The firm's revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Evercore ISI lifted their target price 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. TD Cowen boosted their price objective 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 TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. Telsey Advisory Group reiterated an "outperform" rating and set a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Finally, Jefferies Financial Group increased their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and a consensus price target of $133.53.

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.