Nisa Investment Advisors LLC Decreases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Nisa Investment Advisors LLC reduced its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 382,072 shares of the apparel and home fashions retailer’s stock after selling 1,459 shares during the quarter. Nisa Investment Advisors LLC’s holdings in TJX Companies were worth $46,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. ProShare Advisors LLC lifted its stake in TJX Companies by 5.3% in the 2nd quarter. ProShare Advisors LLC now owns 174,781 shares of the apparel and home fashions retailer’s stock valued at $19,243,000 after buying an additional 8,866 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of TJX Companies by 5.4% in the second quarter. Evergreen Capital Management LLC now owns 11,062 shares of the apparel and home fashions retailer’s stock valued at $1,218,000 after acquiring an additional 564 shares in the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of TJX Companies during the second quarter valued at $2,310,000. Mill Creek Capital Advisors LLC increased its position in TJX Companies by 11.3% during the 2nd quarter. Mill Creek Capital Advisors LLC now owns 9,134 shares of the apparel and home fashions retailer’s stock worth $1,006,000 after purchasing an additional 924 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in TJX Companies by 59.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 217,021 shares of the apparel and home fashions retailer’s stock valued at $23,894,000 after purchasing an additional 80,494 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Up 1.1 %

Shares of NYSE TJX opened at $123.23 on Wednesday. The stock has a fifty day moving average price of $122.64 and a 200 day moving average price of $117.64. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The company has a market cap of $138.52 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.98 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued 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 payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TJX. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Guggenheim boosted their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Morgan Stanley increased 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. Robert W. Baird lifted their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

About TJX Companies

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.