EFG Asset Management Americas Corp. decreased its position in shares of TJX Companies Inc (NYSE:TJX) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,261 shares of the apparel and home fashions retailer’s stock after selling 4,146 shares during the quarter. TJX Companies accounts for approximately 1.1% of EFG Asset Management Americas Corp.’s portfolio, making the stock its 29th largest holding. EFG Asset Management Americas Corp.’s holdings in TJX Companies were worth $2,925,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fort Pitt Capital Group LLC grew its stake in shares of TJX Companies by 0.5% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 3,124 shares of the apparel and home fashions retailer’s stock worth $225,000 after purchasing an additional 17 shares during the period. FTB Advisors Inc. grew its stake in TJX Companies by 1.6% in the 2nd quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock valued at $159,000 after acquiring an additional 36 shares during the period. C M Bidwell & Associates Ltd. grew its stake in TJX Companies by 1.2% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 4,095 shares of the apparel and home fashions retailer’s stock valued at $296,000 after acquiring an additional 50 shares during the period. Keel Point LLC grew its stake in TJX Companies by 4.1% in the 2nd quarter. Keel Point LLC now owns 2,963 shares of the apparel and home fashions retailer’s stock valued at $214,000 after acquiring an additional 117 shares during the period. Finally, Cypress Capital Management LLC grew its stake in TJX Companies by 3.7% in the 2nd quarter. Cypress Capital Management LLC now owns 3,711 shares of the apparel and home fashions retailer’s stock valued at $268,000 after acquiring an additional 134 shares during the period. 90.37% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Inc (NYSE:TJX) opened at $75.64 on Monday. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $81.46. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $47,827.36, a price-to-earnings ratio of 20.44, a PEG ratio of 1.62 and a beta of 0.73.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the consensus estimate of $1.00. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. research analysts expect that TJX Companies Inc will post 3.93 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.3125 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 annualized dividend and a dividend yield of 1.65%. TJX Companies’s dividend payout ratio is presently 33.78%.

A number of equities research analysts recently issued reports on TJX shares. Cowen set a $88.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, December 13th. Goldman Sachs Group cut shares of TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price target on the stock. in a research note on Tuesday, December 5th. Nomura decreased their price objective on TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Royal Bank of Canada set a $76.00 price objective on TJX Companies and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Buckingham Research restated a “buy” rating and issued a $85.00 price objective on shares of TJX Companies in a report on Thursday, October 19th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $82.00.

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About TJX Companies

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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