The TJX Companies, Inc. (NYSE:TJX) Stock Position Increased by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 22.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 289,542 shares of the apparel and home fashions retailer's stock after buying an additional 53,854 shares during the quarter. CIBC Asset Management Inc's holdings in TJX Companies were worth $34,993,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. State Street Corp grew its stake in 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 purchasing an additional 469,287 shares in the last quarter. Geode Capital Management LLC grew its stake in 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 purchasing an additional 363,707 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in 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 purchasing an additional 643,833 shares in the last quarter. Franklin Resources Inc. grew its stake in 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 purchasing an additional 657,529 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in 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 purchasing an additional 827,103 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

NYSE:TJX traded down $1.90 during midday trading on Friday, reaching $121.08. 5,692,049 shares of the company traded hands, compared to its average volume of 4,322,778. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The firm has a market capitalization of $136.11 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 2.76 and a beta of 0.91. 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 has a fifty day moving average price of $122.86 and a 200 day moving average price of $119.48.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for 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 firm's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. On average, analysts expect 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 dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's payout ratio is currently 35.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TJX. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research note on Wednesday. Guggenheim raised their price objective on TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Evercore ISI raised their price objective on TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Finally, Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.18.

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.