GAM Holding AG Acquires New Holdings in The TJX Companies, Inc. (NYSE:TJX)

GAM Holding AG purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,661 shares of the apparel and home fashions retailer's stock, valued at approximately $1,167,000.

Several other hedge funds have also recently bought and sold shares of the business. Kornitzer Capital Management Inc. KS grew its position in TJX Companies by 2.3% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 12,449 shares of the apparel and home fashions retailer's stock valued at $1,504,000 after acquiring an additional 277 shares in the last quarter. Venturi Wealth Management LLC grew its position in TJX Companies by 8.0% in the fourth quarter. Venturi Wealth Management LLC now owns 120,387 shares of the apparel and home fashions retailer's stock valued at $14,544,000 after acquiring an additional 8,883 shares in the last quarter. Fortis Group Advisors LLC acquired a new stake in TJX Companies in the fourth quarter valued at approximately $2,060,000. Citizens & Northern Corp grew its position in TJX Companies by 2.9% in the fourth quarter. Citizens & Northern Corp now owns 17,874 shares of the apparel and home fashions retailer's stock valued at $2,159,000 after acquiring an additional 500 shares in the last quarter. Finally, Blue Chip Partners LLC grew its position in TJX Companies by 8.4% in the fourth quarter. Blue Chip Partners LLC now owns 168,210 shares of the apparel and home fashions retailer's stock valued at $20,321,000 after acquiring an additional 12,983 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

TJX traded down $1.90 during trading hours on Friday, hitting $121.08. 5,692,049 shares of the stock were exchanged, compared to its average volume of 4,322,778. The stock has a 50-day simple moving average of $122.93 and a 200-day simple moving average of $119.40. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The stock has a market cap 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.

TJX Companies (NYSE:TJX - Get Free Report) last announced 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 the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analysts' expectations 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 period last year, the business posted $1.03 earnings per share. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business 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 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies's payout ratio is 35.29%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, January 10th. TD Cowen increased their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Wednesday. Morgan Stanley raised their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Finally, StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $134.18.

TJX Companies Company 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.