Geode Capital Management LLC Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Geode Capital Management LLC grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,857,584 shares of the apparel and home fashions retailer’s stock after purchasing an additional 363,707 shares during the period. Geode Capital Management LLC owned approximately 2.12% of TJX Companies worth $2,795,121,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Richard W. Paul & Associates LLC bought a new stake in TJX Companies in the 2nd quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies in the third quarter valued at $29,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies in the third quarter valued at $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies in the third quarter worth $30,000. Finally, Legacy Investment Solutions LLC purchased a new stake in TJX Companies during the third quarter valued at $30,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Down 0.1 %

Shares of TJX opened at $125.91 on Tuesday. The firm has a fifty day moving average price of $118.26 and a 200-day moving average price of $114.58. 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 firm has a market capitalization of $141.54 billion, a P/E ratio of 29.62, a P/E/G ratio of 3.10 and a beta of 0.90. The TJX Companies, Inc. has a 12-month low of $88.58 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share 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 paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Loop Capital lifted their price target on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Friday. Finally, Barclays boosted their target price on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.89.

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.