TJX Companies Inc (NYSE:TJX) Stake Lowered by Barrett Asset Management LLC

Barrett Asset Management LLC lessened its stake in shares of TJX Companies Inc (NYSE:TJX) by 12.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 242,334 shares of the apparel and home fashions retailer’s stock after selling 35,910 shares during the period. Barrett Asset Management LLC’s holdings in TJX Companies were worth $17,867,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Scotia Capital Inc. grew its position in TJX Companies by 9.4% during the second quarter. Scotia Capital Inc. now owns 54,407 shares of the apparel and home fashions retailer’s stock worth $3,926,000 after buying an additional 4,661 shares in the last quarter. Northern Capital Management LLC lifted its stake in TJX Companies by 34.5% during the third quarter. Northern Capital Management LLC now owns 53,580 shares of the apparel and home fashions retailer’s stock worth $3,950,000 after purchasing an additional 13,750 shares during the last quarter. Tillar Wenstrup Advisors LLC bought a new stake in TJX Companies during the third quarter worth $2,083,000. Gofen & Glossberg LLC IL lifted its stake in TJX Companies by 7.9% during the second quarter. Gofen & Glossberg LLC IL now owns 38,532 shares of the apparel and home fashions retailer’s stock worth $2,781,000 after purchasing an additional 2,835 shares during the last quarter. Finally, Curbstone Financial Management Corp lifted its stake in TJX Companies by 100.0% during the third quarter. Curbstone Financial Management Corp now owns 34,872 shares of the apparel and home fashions retailer’s stock worth $2,571,000 after purchasing an additional 17,436 shares during the last quarter. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

TJX has been the subject of a number of research reports. Buckingham Research reiterated a “buy” rating and issued a $85.00 price target on shares of TJX Companies in a research note on Thursday, October 19th. Zacks Investment Research downgraded TJX Companies from a “buy” rating to a “sell” rating in a report on Monday, November 13th. Royal Bank Of Canada set a $76.00 price objective on TJX Companies and gave the company a “buy” rating in a report on Monday, October 30th. Citigroup decreased their price objective on TJX Companies from $88.00 to $81.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Finally, BMO Capital Markets set a $85.00 price target on TJX Companies and gave the stock a “buy” rating in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $81.53.

TJX Companies Inc (NYSE TJX) opened at $73.84 on Friday. 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 company has a market cap 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 1 year low of $66.44 and a 1 year high of $80.92.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates of $1.00. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The company had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.86 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. TJX Companies’s revenue was up 5.7% on a year-over-year basis. sell-side analysts forecast that TJX Companies Inc will post 3.93 earnings per share for the current 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 paid a $0.3125 dividend. 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 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.

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

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