KBC Group NV Has $59.89 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

KBC Group NV decreased its stake in The TJX Companies, Inc. (NYSE:TJX) by 24.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 907,695 shares of the apparel and home fashions retailer’s stock after selling 300,390 shares during the period. KBC Group NV’s holdings in TJX Companies were worth $59,889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in TJX. Dark Forest Capital Management LP acquired a new stake in shares of TJX Companies in the second quarter worth $31,000. Herold Advisors Inc. bought a new position in TJX Companies in the third quarter worth $32,000. Rosenberg Matthew Hamilton lifted its position in TJX Companies by 181.9% in the third quarter. Rosenberg Matthew Hamilton now owns 544 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 351 shares during the period. Albion Financial Group UT bought a new position in TJX Companies in the second quarter worth $44,000. Finally, AdvisorNet Financial Inc lifted its position in TJX Companies by 97.4% in the third quarter. AdvisorNet Financial Inc now owns 754 shares of the apparel and home fashions retailer’s stock worth $50,000 after purchasing an additional 372 shares during the period. Institutional investors and hedge funds own 88.89% of the company’s stock.

Several brokerages recently commented on TJX. Gordon Haskett raised TJX Companies from a “hold” rating to a “buy” rating and raised their target price for the stock from $73.00 to $84.00 in a research report on Thursday, November 11th. Truist Securities initiated coverage on TJX Companies in a report on Thursday, December 16th. They set a “buy” rating and a $92.00 price objective for the company. Loop Capital lifted their price objective on TJX Companies from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, November 18th. Bank of America lifted their price objective on TJX Companies from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 18th. Finally, Robert W. Baird lifted their price objective on TJX Companies from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 18th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies presently has an average rating of “Buy” and a consensus price target of $85.45.

In related news, CEO Ernie Herrman sold 18,000 shares of the stock in a transaction on Friday, November 19th. The stock was sold at an average price of $71.59, for a total value of $1,288,620.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.19% of the company’s stock.

Shares of TJX traded down $1.16 on Friday, hitting $71.45. The company’s stock had a trading volume of 69,946 shares, compared to its average volume of 5,647,807. The TJX Companies, Inc. has a fifty-two week low of $61.15 and a fifty-two week high of $77.35. The firm has a market capitalization of $85.23 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 2.41 and a beta of 0.96. The company has a quick ratio of 0.70, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average price is $72.52 and its 200-day moving average price is $69.88.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 17th. The apparel and home fashions retailer reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. TJX Companies had a return on equity of 50.46% and a net margin of 5.85%. The company had revenue of $12.53 billion for the quarter, compared to analysts’ expectations of $12.27 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 23.9% compared to the same quarter last year. As a group, equities analysts predict that The TJX Companies, Inc. will post 2.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 3rd. Stockholders of record on Thursday, February 10th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, February 9th. TJX Companies’s dividend payout ratio is currently 47.49%.

About TJX Companies

The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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