Border to Coast Pensions Partnership Ltd Has $48.15 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Border to Coast Pensions Partnership Ltd grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 398,824 shares of the apparel and home fashions retailer's stock after acquiring an additional 41,916 shares during the period. Border to Coast Pensions Partnership Ltd's holdings in TJX Companies were worth $48,150,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Axxcess Wealth Management LLC raised its holdings in shares of TJX Companies by 15.4% during the 2nd quarter. Axxcess Wealth Management LLC now owns 16,397 shares of the apparel and home fashions retailer's stock valued at $1,805,000 after purchasing an additional 2,186 shares in the last quarter. E Fund Management Co. Ltd. acquired a new stake in shares of TJX Companies in the second quarter worth about $521,000. Mercer Global Advisors Inc. ADV boosted its stake in shares of TJX Companies by 6.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 201,300 shares of the apparel and home fashions retailer's stock worth $22,163,000 after acquiring an additional 11,430 shares in the last quarter. Argent Trust Co increased its holdings in shares of TJX Companies by 9.9% during the 2nd quarter. Argent Trust Co now owns 24,150 shares of the apparel and home fashions retailer's stock valued at $2,659,000 after acquiring an additional 2,175 shares during the last quarter. Finally, Blair William & Co. IL lifted its holdings in TJX Companies by 8.3% in the 2nd quarter. Blair William & Co. IL now owns 286,189 shares of the apparel and home fashions retailer's stock worth $31,509,000 after purchasing an additional 21,894 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on TJX shares. Wells Fargo & Company increased their price target on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Evercore ISI upped their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. TD Cowen raised their target price on TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Robert W. Baird increased their price objective on TJX Companies from $133.00 to $138.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $131.33.

TJX Companies Price Performance

TJX stock traded up $0.51 during trading on Friday, hitting $121.89. The company had a trading volume of 4,752,383 shares, compared to its average volume of 4,388,107. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $122.56 and a two-hundred day moving average price of $117.46. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a market cap of $137.03 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91.

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

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders 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 dividend yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies's dividend payout ratio (DPR) is currently 35.29%.

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.