Czech National Bank Raises Stake in The TJX Companies, Inc. (NYSE:TJX)

Czech National Bank boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 6.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 244,546 shares of the apparel and home fashions retailer’s stock after acquiring an additional 14,323 shares during the quarter. Czech National Bank’s holdings in TJX Companies were worth $29,544,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TJX. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies in the 3rd quarter worth approximately $29,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies in the third quarter worth $30,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies in the third quarter worth $29,000. Copeland Capital Management LLC purchased a new stake in shares of TJX Companies in the third quarter worth $30,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of TJX Companies during the third quarter valued at $37,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TJX shares. Robert W. Baird increased their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. TD Cowen increased their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. Jefferies Financial Group increased their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Evercore ISI boosted their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $120.00 on Monday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The firm has a market capitalization of $134.90 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91. 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 50 day moving average of $122.06 and a 200 day moving average of $117.21.

TJX Companies (NYSE:TJX) last issued 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 analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

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.