Unigestion Holding SA Has $26.13 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Unigestion Holding SA grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 216,291 shares of the apparel and home fashions retailer’s stock after purchasing an additional 23,138 shares during the period. TJX Companies makes up approximately 1.5% of Unigestion Holding SA’s holdings, making the stock its 25th largest holding. Unigestion Holding SA’s holdings in TJX Companies were worth $26,126,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Congress Asset Management Co. grew its position in TJX Companies by 1.1% in the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after acquiring an additional 13,036 shares during the period. Atlas Legacy Advisors LLC bought a new stake in shares of TJX Companies in the 4th quarter worth about $433,000. BLB&B Advisors LLC increased its position in shares of TJX Companies by 2.8% during the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock worth $9,795,000 after purchasing an additional 2,201 shares in the last quarter. Empowered Funds LLC increased its position in shares of TJX Companies by 12.1% during the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock worth $4,130,000 after purchasing an additional 3,691 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new position in TJX Companies in the fourth quarter valued at about $604,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX stock opened at $121.92 on Friday. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.33. 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 company has a market cap of $136.20 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The business’s fifty day moving average is $121.69 and its 200-day moving average is $120.38.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a yield of 1.39%. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s payout ratio is currently 39.91%.

Insider Buying and Selling at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TJX shares. Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $128.00 to $140.00 in a report on Thursday. UBS Group raised their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Robert W. Baird boosted their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Morgan Stanley raised 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. Finally, Barclays increased their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.76.

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.