Dimensional Fund Advisors LP increased its holdings in TJX Companies Inc (NYSE:TJX) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,634,990 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,740 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.26% of TJX Companies worth $120,550,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of TJX. Lenox Wealth Management Inc. bought a new stake in TJX Companies during the second quarter valued at $141,000. Mosaic Family Wealth LLC boosted its position in TJX Companies by 7.2% during the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock valued at $144,000 after acquiring an additional 134 shares during the last quarter. Oakworth Capital Inc. boosted its position in TJX Companies by 10.1% during the second quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock valued at $146,000 after acquiring an additional 185 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in TJX Companies by 4.8% during the second quarter. Parkside Financial Bank & Trust now owns 2,029 shares of the apparel and home fashions retailer’s stock valued at $147,000 after acquiring an additional 93 shares during the last quarter. Finally, Highlander Capital Management LLC boosted its position in TJX Companies by 31.3% during the second quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock valued at $150,000 after acquiring an additional 500 shares during the last quarter. 90.94% of the stock is currently owned by institutional investors.
TJX Companies Inc (NYSE TJX) opened at $74.17 on Monday. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $80.92. The firm has a market cap of $46,894.75, a PE ratio of 20.04, a PEG ratio of 1.78 and a beta of 0.75. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48.
TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, hitting the Zacks’ consensus estimate 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 analyst estimates of $8.86 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. sell-side analysts forecast that TJX Companies Inc will post 3.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued 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 dividend yield of 1.69%. TJX Companies’s dividend payout ratio is presently 33.78%.
A number of analysts have commented on TJX shares. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Tuesday, October 10th. Nomura cut their price target on shares of TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Morgan Stanley cut their price target on shares of TJX Companies from $86.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 15th. Royal Bank of Canada set a $70.00 price target on shares of TJX Companies and gave the company an “outperform” rating in a research report on Tuesday, November 14th. Finally, Jefferies Group reiterated a “hold” rating and set a $75.00 price objective on shares of TJX Companies in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $82.15.
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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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