Asset Management One Co. Ltd. trimmed its holdings in TJX Companies Inc (NYSE:TJX) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,039,470 shares of the apparel and home fashions retailer’s stock after selling 5,906 shares during the quarter. Asset Management One Co. Ltd. owned about 0.16% of TJX Companies worth $76,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Alliancebernstein L.P. raised its position in shares of TJX Companies by 278.1% during the second quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock valued at $490,110,000 after buying an additional 4,994,846 shares during the last quarter. Flossbach Von Storch AG increased its holdings in shares of TJX Companies by 265.0% during the second quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock valued at $299,651,000 after acquiring an additional 3,014,430 shares in the last quarter. Boston Partners boosted its position in TJX Companies by 1,038.6% in the 2nd quarter. Boston Partners now owns 3,067,319 shares of the apparel and home fashions retailer’s stock worth $221,369,000 after purchasing an additional 2,797,917 shares in the last quarter. BlackRock Inc. lifted its position in shares of TJX Companies by 4.8% during the 2nd quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock valued at $3,158,729,000 after buying an additional 1,996,874 shares in the last quarter. Finally, Fiduciary Management Inc. WI raised its stake in TJX Companies by 63.5% in the 2nd quarter. Fiduciary Management Inc. WI now owns 4,667,352 shares of the apparel and home fashions retailer’s stock valued at $336,843,000 after purchasing an additional 1,813,259 shares during the last quarter. Institutional investors own 90.94% of the company’s stock.
TJX Companies Inc (NYSE:TJX) traded down $0.55 on Thursday, reaching $75.05. The company’s stock had a trading volume of 3,182,800 shares, compared to its average volume of 4,209,286. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. The stock has a market capitalization of $47,802.07, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 1.81 and a beta of 0.75. TJX Companies Inc has a one year low of $66.44 and a one year high of $80.92.
TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.00. The company had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. TJX Companies’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. equities analysts anticipate that TJX Companies Inc will post 3.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 annualized dividend and a dividend yield of 1.67%. TJX Companies’s dividend payout ratio is currently 33.78%.
A number of equities analysts recently commented on TJX shares. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Tuesday, October 10th. Nomura lowered their target price on TJX Companies from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Morgan Stanley decreased their price objective on TJX Companies from $86.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, November 15th. Royal Bank Of Canada set a $70.00 target price on TJX Companies and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. Finally, Jefferies Group reissued a “hold” rating and set a $75.00 target price on shares of TJX Companies in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $81.53.
TJX Companies Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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