Chevy Chase Trust Holdings LLC Increases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Chevy Chase Trust Holdings LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,450,723 shares of the apparel and home fashions retailer's stock after purchasing an additional 67,386 shares during the period. TJX Companies accounts for about 0.5% of Chevy Chase Trust Holdings LLC's holdings, making the stock its 27th biggest position. Chevy Chase Trust Holdings LLC owned approximately 0.13% of TJX Companies worth $175,262,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research reports. UBS Group increased their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Wells Fargo & Company boosted their target price on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. Evercore ISI increased their price target on TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.53.

TJX Companies Price Performance

TJX Companies stock traded down $0.52 during midday trading on Tuesday, reaching $123.82. 5,121,298 shares of the stock were exchanged, compared to its average volume of 4,288,396. 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 firm has a market cap of $139.20 billion, a PE ratio of 29.13, a PEG ratio of 2.82 and a beta of 0.91. The company's fifty day moving average is $123.14 and its 200-day moving average is $119.27.

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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the business posted $1.03 earnings per share. The firm's revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend 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.