Gateway Investment Advisers LLC Has $2.17 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Gateway Investment Advisers LLC reduced its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 15.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,949 shares of the apparel and home fashions retailer's stock after selling 3,293 shares during the quarter. Gateway Investment Advisers LLC's holdings in TJX Companies were worth $2,168,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameriprise Financial Inc. raised its holdings in TJX Companies by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer's stock worth $1,347,934,000 after acquiring an additional 3,063,318 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of 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 purchasing an additional 1,182,272 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of TJX Companies by 161.3% during the 3rd 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% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer's stock valued at $145,166,000 after buying an additional 911,351 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of TJX Companies by 13.3% in the fourth 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 in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of TJX traded up $0.51 during mid-day trading on Friday, hitting $121.89. 4,752,383 shares of the company's stock were exchanged, compared to its average volume of 4,388,107. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The stock's 50-day simple moving average is $122.56 and its 200-day simple moving average is $117.46. The firm has a market cap of $137.03 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.23%. TJX Companies's dividend payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

TJX has been the topic of several analyst reports. UBS Group upped their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Wells Fargo & Company raised their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Three 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.com, TJX Companies presently has an average rating of "Moderate Buy" and a consensus target price of $131.33.

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.