Candriam S.C.A. Has $78.07 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Candriam S.C.A. increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 15.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 646,231 shares of the apparel and home fashions retailer’s stock after acquiring an additional 85,334 shares during the quarter. Candriam S.C.A.’s holdings in TJX Companies were worth $78,071,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TJX. Howard Capital Management Group LLC grew its stake in shares of TJX Companies by 42.9% in the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after acquiring an additional 69,489 shares in the last quarter. Moloney Securities Asset Management LLC increased its position in shares of TJX Companies by 20.4% in the third quarter. Moloney Securities Asset Management LLC now owns 6,529 shares of the apparel and home fashions retailer’s stock worth $767,000 after purchasing an additional 1,108 shares during the last quarter. Avidian Wealth Enterprises LLC grew its position in TJX Companies by 2.9% during the third quarter. Avidian Wealth Enterprises LLC now owns 5,503 shares of the apparel and home fashions retailer’s stock valued at $647,000 after acquiring an additional 154 shares during the last quarter. Catalina Capital Group LLC grew its holdings in shares of TJX Companies by 3.5% in the third quarter. Catalina Capital Group LLC now owns 9,616 shares of the apparel and home fashions retailer’s stock worth $1,130,000 after purchasing an additional 326 shares during the last quarter. Finally, Radnor Capital Management LLC bought a new position in shares of TJX Companies in the third quarter worth approximately $732,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TJX. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Morgan Stanley upped their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Guggenheim increased their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Evercore ISI raised their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Stock Performance

NYSE TJX opened at $123.08 on Thursday. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a market capitalization of $138.36 billion, a P/E ratio of 28.96, a PEG ratio of 2.75 and a beta of 0.91. The business has a 50 day moving average price of $122.96 and a 200 day moving average price of $120.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.21%.

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.