Blue Chip Partners LLC Grows Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Blue Chip Partners LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 168,210 shares of the apparel and home fashions retailer's stock after buying an additional 12,983 shares during the period. TJX Companies comprises about 1.7% of Blue Chip Partners LLC's portfolio, making the stock its 20th largest holding. Blue Chip Partners LLC's holdings in TJX Companies were worth $20,321,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. State Street Corp raised its stake in shares of TJX Companies by 1.0% during 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 raised its stake in shares of TJX Companies by 1.5% during 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 buying an additional 363,707 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of TJX Companies by 7.5% during 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 buying an additional 643,833 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of TJX Companies by 9.9% during 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 buying an additional 657,529 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of 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 valued at $850,428,000 after buying an additional 827,103 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

TJX stock traded down $0.39 during trading on Thursday, hitting $123.04. The stock had a trading volume of 4,662,851 shares, compared to its average volume of 4,281,277. 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 company's 50-day moving average price is $123.00 and its two-hundred day moving average price is $119.37. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The stock has a market capitalization of $138.31 billion, a P/E ratio of 28.95, a PEG ratio of 2.76 and a beta of 0.91.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping 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 period last year, the company posted $1.03 EPS. The business's revenue was up 6.0% on a year-over-year basis. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS 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. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's dividend payout ratio (DPR) is 35.29%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TJX. TD Cowen lifted their price objective on TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. UBS Group raised their target price on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. 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. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Finally, Guggenheim raised their target price on TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.18.

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.