Ameriprise Financial Inc. lowered its stake in shares of TJX Companies Inc (NYSE:TJX) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,292,298 shares of the apparel and home fashions retailer’s stock after selling 175,361 shares during the quarter. Ameriprise Financial Inc. owned 1.30% of TJX Companies worth $611,380,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in TJX. Jacobi Capital Management LLC grew its stake in TJX Companies by 12.9% in the 1st quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock valued at $133,000 after purchasing an additional 200 shares during the period. Lenox Wealth Management Inc. bought a new position in TJX Companies in the 2nd quarter valued at $141,000. Mosaic Family Wealth LLC grew its stake in TJX Companies by 7.2% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock valued at $144,000 after purchasing an additional 134 shares during the period. Oakworth Capital Inc. grew its stake in TJX Companies by 10.1% in the 2nd quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock valued at $146,000 after purchasing an additional 185 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in TJX Companies by 4.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,029 shares of the apparel and home fashions retailer’s stock valued at $147,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.
A number of research analysts have issued reports on TJX shares. Buckingham Research restated a “buy” rating and issued a $85.00 price objective on shares of TJX Companies in a research note on Thursday, October 19th. Royal Bank Of Canada set a $70.00 price objective on TJX Companies and gave the company an “outperform” rating in a research note on Tuesday, November 14th. Northcoast Research upgraded TJX Companies from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Thursday, September 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Tuesday, October 10th. Finally, Sanford C. Bernstein initiated coverage on TJX Companies in a research note on Tuesday, September 12th. They issued an “outperform” rating and a $88.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the company. TJX Companies currently has a consensus rating of “Buy” and an average target price of $81.53.
Shares of TJX Companies Inc (TJX) traded down $1.21 on Thursday, reaching $73.84. The company had a trading volume of 5,278,951 shares, compared to its average volume of 4,213,818. The stock has a market cap of $47,802.07, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.81 and a beta of 0.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. TJX Companies Inc has a twelve month low of $66.44 and a twelve month high of $80.92.
TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.00. The business had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. research analysts predict that TJX Companies Inc will post 3.93 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a yield of 1.69%. TJX Companies’s dividend payout ratio (DPR) is 33.78%.
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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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