Pinnacle Financial Partners Inc. lowered its holdings in shares of TJX Companies Inc (NYSE:TJX) by 9.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,449 shares of the apparel and home fashions retailer’s stock after selling 1,464 shares during the quarter. Pinnacle Financial Partners Inc.’s holdings in TJX Companies were worth $991,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its position in TJX Companies by 1.5% during the second quarter. Vanguard Group Inc. now owns 47,816,796 shares of the apparel and home fashions retailer’s stock worth $3,450,938,000 after purchasing an additional 708,532 shares in the last quarter. BlackRock Inc. raised its holdings in shares of TJX Companies by 4.8% during the second 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 acquiring an additional 1,996,874 shares during the last quarter. State Street Corp raised its holdings in shares of TJX Companies by 6.6% during the first quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock valued at $2,277,402,000 after acquiring an additional 1,773,046 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of TJX Companies by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock valued at $610,888,000 after acquiring an additional 51,364 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings 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 acquiring an additional 4,994,846 shares during the last quarter. Institutional investors own 90.94% of the company’s stock.
A number of equities analysts have commented on TJX shares. MKM Partners reissued a “buy” rating and set a $87.00 target price on shares of TJX Companies in a report on Tuesday, September 12th. Royal Bank Of Canada reissued a “buy” rating and set a $76.00 target price on shares of TJX Companies in a report on Monday, September 18th. Instinet reissued a “buy” rating and set a $80.00 target price (down previously from $83.00) on shares of TJX Companies in a report on Wednesday, August 16th. Nomura set a $80.00 target price on TJX Companies and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, Northcoast Research raised TJX Companies from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a report on Thursday, September 7th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $81.53.
Shares of TJX Companies Inc (NYSE:TJX) traded down $1.21 during trading 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 capitalization of $47,802.07, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 1.81 and a beta of 0.75. TJX Companies Inc has a 52 week low of $66.44 and a 52 week high of $80.92. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48.
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 for the quarter, hitting the consensus estimate of $1.00. The company had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. equities research analysts predict that TJX Companies Inc will post 3.93 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a $0.3125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 annualized dividend and a yield of 1.69%. TJX Companies’s payout ratio is 33.78%.
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About TJX Companies
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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