The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 55.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,775 shares of the apparel and home fashions retailer’s stock after selling 14,880 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in TJX Companies were worth $1,423,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TJX. Provident Trust Co. grew its stake in shares of TJX Companies by 71.3% during the 4th quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock worth $328,984,000 after purchasing an additional 1,133,486 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in TJX Companies by 161.3% in 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 valued at $210,003,000 after acquiring an additional 1,102,912 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in 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 acquiring an additional 911,351 shares during the period. Canoe Financial LP grew its stake in TJX Companies by 564.0% in the 4th 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 acquiring an additional 903,939 shares during the period. Finally, Nordea Investment Management AB grew its stake in TJX Companies by 13.3% in the 4th 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 acquiring an additional 827,103 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 1.0 %

NYSE TJX opened at $122.71 on Wednesday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. 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 business’s fifty day simple moving average is $122.80 and its 200-day simple moving average is $119.80. The firm has a market cap of $137.94 billion, a PE ratio of 28.87, a P/E/G ratio of 2.75 and a beta of 0.91.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. TJX Companies’s dividend payout ratio is presently 35.29%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TJX shares. Wells Fargo & Company lifted their price target 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Jefferies Financial Group lifted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley raised their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.