Fifth Third Bancorp Has $114.89 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Fifth Third Bancorp reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 951,029 shares of the apparel and home fashions retailer’s stock after selling 31,914 shares during the quarter. Fifth Third Bancorp’s holdings in TJX Companies were worth $114,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TJX. AQR Capital Management LLC grew its holdings in TJX Companies by 3.2% during the 2nd quarter. AQR Capital Management LLC now owns 740,531 shares of the apparel and home fashions retailer’s stock worth $81,532,000 after acquiring an additional 23,070 shares during the period. Daymark Wealth Partners LLC grew its stake in shares of TJX Companies by 16.9% during the second quarter. Daymark Wealth Partners LLC now owns 16,139 shares of the apparel and home fashions retailer’s stock worth $1,777,000 after purchasing an additional 2,334 shares during the period. Dark Forest Capital Management LP bought a new stake in TJX Companies in the second quarter valued at about $454,000. MBB Public Markets I LLC lifted its stake in TJX Companies by 2,554.0% in the second quarter. MBB Public Markets I LLC now owns 79,620 shares of the apparel and home fashions retailer’s stock valued at $8,766,000 after buying an additional 76,620 shares during the period. Finally, Maverick Capital Ltd. bought a new position in TJX Companies during the second quarter worth about $5,389,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TJX. Morgan Stanley increased their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday. Jefferies Financial Group increased their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Guggenheim boosted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company raised their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.67.

TJX Companies Stock Performance

Shares of TJX stock opened at $122.61 on Friday. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company’s fifty day simple moving average is $122.79 and its 200-day simple moving average is $117.79. The firm has a market cap of $137.83 billion, a PE ratio of 28.85, a P/E/G ratio of 3.00 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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