Bank Pictet & Cie Europe AG Decreases Stake in The TJX Companies, Inc. (NYSE:TJX)

Bank Pictet & Cie Europe AG lowered its position in The TJX Companies, Inc. (NYSE:TJX) by 4.8% in the fourth quarter, Holdings Channel reports. The fund owned 30,630 shares of the apparel and home fashions retailer’s stock after selling 1,557 shares during the period. Bank Pictet & Cie Europe AG’s holdings in TJX Companies were worth $3,700,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies in the 3rd quarter valued at $29,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at $30,000. Finally, Truvestments Capital LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at $29,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the topic of several recent research reports. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Morgan Stanley upped their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. TD Cowen upped their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. UBS Group upped their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $133.53.

TJX Companies Trading Down 1.2 %

Shares of TJX stock opened at $124.33 on Friday. The firm has a market cap of $139.77 billion, a P/E ratio of 29.25, a PEG ratio of 2.82 and a beta of 0.91. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm’s 50-day simple moving average is $123.20 and its 200-day simple moving average is $119.03.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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. The business 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%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 EPS. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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 issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.21%. TJX Companies’s payout ratio is currently 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.