ING Groep NV Acquires 68,348 Shares of The TJX Companies, Inc. (NYSE:TJX)

ING Groep NV lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 90.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 144,053 shares of the apparel and home fashions retailer’s stock after purchasing an additional 68,348 shares during the quarter. ING Groep NV’s holdings in TJX Companies were worth $17,403,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TJX. Bogart Wealth LLC bought a new position in TJX Companies in the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies in the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies in the third quarter valued at approximately $29,000. Legacy Investment Solutions LLC bought a new position in TJX Companies in the third quarter valued at approximately $30,000. Finally, Truvestments Capital LLC bought a new position in TJX Companies in the third quarter valued at approximately $29,000. 91.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TJX. Guggenheim lifted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. UBS Group lifted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Wells Fargo & Company lifted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. TD Cowen raised their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Jefferies Financial Group raised their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $134.18.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $123.04 on Friday. The firm has a market cap of $138.31 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 2.76 and a beta of 0.91. The firm’s fifty day moving average is $122.93 and its 200-day moving average is $119.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 earnings per share. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

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.