KBC Group NV Has $71.94 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

KBC Group NV grew its position in The TJX Companies, Inc. (NYSE:TJX) by 182.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 595,513 shares of the apparel and home fashions retailer’s stock after purchasing an additional 384,869 shares during the period. KBC Group NV’s holdings in TJX Companies were worth $71,944,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TJX. Kathmere Capital Management LLC bought a new position in TJX Companies in the 2nd quarter valued at $214,000. SkyView Investment Advisors LLC lifted its stake in TJX Companies by 23.4% during the second quarter. SkyView Investment Advisors LLC now owns 11,326 shares of the apparel and home fashions retailer’s stock worth $1,247,000 after purchasing an additional 2,144 shares during the last quarter. Ascent Group LLC boosted its stake in TJX Companies by 6.5% in the second quarter. Ascent Group LLC now owns 48,992 shares of the apparel and home fashions retailer’s stock worth $5,394,000 after buying an additional 3,003 shares in the last quarter. Algert Global LLC grew its holdings in shares of TJX Companies by 36.8% during the 2nd quarter. Algert Global LLC now owns 4,608 shares of the apparel and home fashions retailer’s stock valued at $507,000 after purchasing an additional 1,240 shares during the last quarter. Finally, Creative Planning grew its stake in shares of TJX Companies by 3.9% during the second quarter. Creative Planning now owns 306,771 shares of the apparel and home fashions retailer’s stock valued at $33,775,000 after buying an additional 11,374 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $122.61 on Monday. The company has a market capitalization of $137.83 billion, a P/E ratio of 28.85, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month 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 firm has a 50 day moving average of $122.84 and a 200 day moving average of $117.90.

TJX Companies (NYSE:TJX) last posted its quarterly 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 return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is presently 35.29%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TJX. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Guggenheim raised their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft boosted their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company raised their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Finally, UBS Group boosted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.67.

TJX Companies 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.