Bank Julius Baer & Co. Ltd Zurich Purchases 221 Shares of The TJX Companies, Inc. (NYSE:TJX)

Posted by on Apr 3rd, 2023

Bank Julius Baer & Co. Ltd Zurich grew its position in The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,000 shares of the apparel and home fashions retailer’s stock after acquiring an additional 221 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in TJX Companies were worth $1,114,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of TJX Companies by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 90,731,283 shares of the apparel and home fashions retailer’s stock worth $5,636,227,000 after buying an additional 969,555 shares during the period. State Street Corp boosted its holdings in shares of TJX Companies by 0.5% during the 3rd quarter. State Street Corp now owns 45,499,316 shares of the apparel and home fashions retailer’s stock worth $2,826,418,000 after buying an additional 211,382 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of TJX Companies by 25.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 20,320,455 shares of the apparel and home fashions retailer’s stock worth $1,134,897,000 after buying an additional 4,081,241 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of TJX Companies by 3.3% during the 3rd quarter. Nuveen Asset Management LLC now owns 13,934,979 shares of the apparel and home fashions retailer’s stock worth $865,641,000 after buying an additional 442,513 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of TJX Companies by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 8,675,496 shares of the apparel and home fashions retailer’s stock worth $484,528,000 after buying an additional 86,967 shares during the period. Institutional investors own 91.30% of the company’s stock.

TJX Companies Trading Up 1.9 %

TJX opened at $78.36 on Monday. The TJX Companies, Inc. has a fifty-two week low of $53.69 and a fifty-two week high of $83.13. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.21 and a quick ratio of 0.64. The firm has a market capitalization of $90.32 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 2.12 and a beta of 0.91. The company’s 50 day moving average price is $78.12 and its two-hundred day moving average price is $75.23.

TJX Companies (NYSE:TJX – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The apparel and home fashions retailer reported $0.89 EPS for the quarter, meeting analysts’ consensus estimates of $0.89. TJX Companies had a net margin of 7.00% and a return on equity of 63.68%. The company had revenue of $14.52 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same period in the prior year, the firm posted $0.78 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, research analysts predict that The TJX Companies, Inc. will post 3.52 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 11th will be paid a $0.3325 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.30. This represents a $1.33 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, May 10th. TJX Companies’s dividend payout ratio is currently 39.60%.

Analysts Set New Price Targets

Several brokerages recently commented on TJX. StockNews.com assumed coverage on shares of TJX Companies in a report on Thursday, March 16th. They set a “buy” rating for the company. Robert W. Baird lifted their price objective on shares of TJX Companies from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, February 23rd. Cowen lifted their price objective on shares of TJX Companies from $84.00 to $85.00 in a research note on Tuesday, December 6th. Cowen lifted their price objective on shares of TJX Companies from $84.00 to $85.00 in a research note on Tuesday, December 6th. Finally, Morgan Stanley lifted their price objective on shares of TJX Companies from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 23rd. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.07.

About TJX Companies

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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 an 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.

See Also

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

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