Sawyer & Company Inc purchased a new stake in shares of TJX Companies Inc (NYSE:TJX) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 53,908 shares of the apparel and home fashions retailer’s stock, valued at approximately $4,122,000. TJX Companies makes up approximately 2.7% of Sawyer & Company Inc’s holdings, making the stock its 7th biggest holding.
Several other hedge funds have also made changes to their positions in the stock. Alliancebernstein L.P. increased its holdings in shares of TJX Companies by 278.1% in the 2nd quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock worth $490,110,000 after buying an additional 4,994,846 shares during the last quarter. BlackRock Inc. increased its holdings in shares of TJX Companies by 4.8% in the 2nd quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock worth $3,158,729,000 after buying an additional 1,996,874 shares during the last quarter. Fiduciary Management Inc. WI boosted its stake in shares of TJX Companies by 63.5% in the 2nd quarter. Fiduciary Management Inc. WI now owns 4,667,352 shares of the apparel and home fashions retailer’s stock valued at $336,843,000 after purchasing an additional 1,813,259 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of TJX Companies by 2,438.3% in the 3rd quarter. Bessemer Group Inc. now owns 1,529,329 shares of the apparel and home fashions retailer’s stock valued at $112,758,000 after purchasing an additional 1,469,079 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of TJX Companies by 9,096.8% in the 3rd quarter. Stifel Financial Corp now owns 1,380,987 shares of the apparel and home fashions retailer’s stock valued at $101,787,000 after purchasing an additional 1,365,971 shares in the last quarter. Institutional investors own 90.26% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Goldman Sachs Group cut shares of TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price objective for the company. in a research note on Tuesday, December 5th. Citigroup dropped their price target on shares of TJX Companies from $88.00 to $81.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Wells Fargo & Co set a $76.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Tuesday, November 14th. Cowen set a $88.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, December 13th. Finally, Buckingham Research reissued a “buy” rating and set a $85.00 price target on shares of TJX Companies in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $81.95.
Shares of TJX Companies Inc (NYSE:TJX) traded up $0.77 during trading on Thursday, hitting $76.27. 3,328,400 shares of the company traded hands, compared to its average volume of 3,884,643. 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 $48,920.00, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 1.85 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.
TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.00. The business had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.86 billion. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. TJX Companies’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. equities analysts anticipate that TJX Companies Inc will post 3.94 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid 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 1.64%. TJX Companies’s dividend payout ratio is currently 33.78%.
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TJX Companies Company 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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