Chevy Chase Trust Holdings Inc. lessened its holdings in TJX Companies Inc (NYSE:TJX) by 10.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 968,187 shares of the apparel and home fashions retailer’s stock after selling 116,957 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.15% of TJX Companies worth $71,384,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Scotia Capital Inc. raised its stake in TJX Companies by 9.4% in the 2nd quarter. Scotia Capital Inc. now owns 54,407 shares of the apparel and home fashions retailer’s stock valued at $3,926,000 after acquiring an additional 4,661 shares during the period. Northern Capital Management LLC raised its stake in TJX Companies by 34.5% in the 3rd quarter. Northern Capital Management LLC now owns 53,580 shares of the apparel and home fashions retailer’s stock valued at $3,950,000 after acquiring an additional 13,750 shares during the period. Tillar Wenstrup Advisors LLC bought a new stake in TJX Companies in the 3rd quarter valued at $2,083,000. Gofen & Glossberg LLC IL raised its stake in TJX Companies by 7.9% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 38,532 shares of the apparel and home fashions retailer’s stock valued at $2,781,000 after acquiring an additional 2,835 shares during the period. Finally, Curbstone Financial Management Corp raised its stake in TJX Companies by 100.0% in the 3rd quarter. Curbstone Financial Management Corp now owns 34,872 shares of the apparel and home fashions retailer’s stock valued at $2,571,000 after acquiring an additional 17,436 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.
Shares of TJX Companies Inc (NYSE:TJX) traded up $0.04 on Friday, hitting $73.88. The stock had a trading volume of 4,756,564 shares, compared to its average volume of 5,986,033. 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. The company has a market capitalization of $46,689.22, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 1.77 and a beta of 0.75.
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 the Zacks’ consensus estimate of $1.00. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.86 billion. During the same period last year, the company earned $0.91 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. research analysts predict 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 dividend of $0.3125 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.69%. TJX Companies’s dividend payout ratio (DPR) is 33.78%.
TJX has been the topic of a number of research reports. Buckingham Research reaffirmed a “buy” rating and issued a $85.00 price objective on shares of TJX Companies in a report 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 report on Tuesday, November 14th. Northcoast Research raised TJX Companies from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Thursday, September 7th. They noted that the move was a valuation call. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Tuesday, October 10th. Finally, Sanford C. Bernstein initiated coverage on TJX Companies in a report on Tuesday, September 12th. They set an “outperform” rating and a $88.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $81.53.
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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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