Baillie Gifford & Co. Sells 1,854 Shares of The TJX Companies, Inc. (NYSE:TJX)

Baillie Gifford & Co. reduced its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 122,465 shares of the apparel and home fashions retailer’s stock after selling 1,854 shares during the quarter. Baillie Gifford & Co.’s holdings in TJX Companies were worth $14,795,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Sierra Ocean LLC bought a new stake in TJX Companies during the fourth quarter worth $52,000. Pathway Financial Advisors LLC lifted its holdings in TJX Companies by 3.0% during the fourth quarter. Pathway Financial Advisors LLC now owns 5,522 shares of the apparel and home fashions retailer’s stock worth $667,000 after acquiring an additional 161 shares during the period. JFS Wealth Advisors LLC lifted its holdings in TJX Companies by 0.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 10,617 shares of the apparel and home fashions retailer’s stock worth $1,283,000 after acquiring an additional 99 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in TJX Companies by 4.8% during the fourth quarter. J.W. Cole Advisors Inc. now owns 18,849 shares of the apparel and home fashions retailer’s stock worth $2,277,000 after acquiring an additional 862 shares during the period. Finally, Valmark Advisers Inc. lifted its holdings in TJX Companies by 10.0% during the fourth quarter. Valmark Advisers Inc. now owns 2,890 shares of the apparel and home fashions retailer’s stock worth $349,000 after acquiring an additional 262 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

TJX Companies stock opened at $124.33 on Tuesday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The business has a 50-day simple moving average of $123.17 and a 200 day simple moving average of $119.19. 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 stock has a market cap of $139.77 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.82 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS 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 business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Evercore ISI boosted their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Morgan Stanley boosted their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Guggenheim boosted their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Robert W. Baird boosted their target price on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, UBS Group boosted their target price on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.53.

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.