Flossbach Von Storch SE Sells 33,935 Shares of The TJX Companies, Inc. (NYSE:TJX)

Flossbach Von Storch SE lessened its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,124 shares of the apparel and home fashions retailer's stock after selling 33,935 shares during the period. Flossbach Von Storch SE's holdings in TJX Companies were worth $13,667,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TJX. International Assets Investment Management LLC boosted its position in TJX Companies by 13,309.4% during the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer's stock worth $140,008,000 after acquiring an additional 1,182,272 shares during the period. Provident Trust Co. increased its holdings in shares of TJX Companies by 71.3% in the 4th quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer's stock valued at $328,984,000 after purchasing an additional 1,133,486 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of TJX Companies by 161.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer's stock worth $210,003,000 after purchasing an additional 1,102,912 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of TJX Companies by 281.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer's stock worth $145,166,000 after purchasing an additional 911,351 shares during the period. Finally, Canoe Financial LP grew its position in TJX Companies by 564.0% during the fourth quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer's stock valued at $128,568,000 after purchasing an additional 903,939 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

TJX Companies stock traded down $1.90 on Friday, reaching $121.08. 5,692,049 shares of the stock were exchanged, compared to its average volume of 4,322,778. The stock has a market cap of $136.11 billion, a PE ratio of 28.49, a PEG ratio of 2.76 and a beta of 0.91. The firm has a fifty day moving average price of $122.93 and a two-hundred day moving average price of $119.40. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.24%. TJX Companies's dividend payout ratio is 35.29%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TJX. Guggenheim increased their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft boosted their target price on TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Jefferies Financial Group raised their price target on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.