Jensen Investment Management Inc. raised its position in shares of TJX Companies Inc (NYSE:TJX) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,258,562 shares of the apparel and home fashions retailer’s stock after acquiring an additional 11,980 shares during the quarter. TJX Companies comprises 3.2% of Jensen Investment Management Inc.’s investment portfolio, making the stock its 15th biggest holding. Jensen Investment Management Inc. owned about 0.52% of TJX Companies worth $249,150,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of TJX Companies by 1.5% in the 2nd 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 acquiring an additional 708,532 shares during the last quarter. BlackRock Inc. increased its stake in shares of TJX Companies by 4.8% during 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 purchasing an additional 1,996,874 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of TJX Companies by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock worth $610,888,000 after purchasing an additional 51,364 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of TJX Companies by 278.1% during 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 purchasing an additional 4,994,846 shares during the last quarter. Finally, Fiera Capital Corp increased its stake in shares of TJX Companies by 15.1% during the 2nd quarter. Fiera Capital Corp now owns 5,750,653 shares of the apparel and home fashions retailer’s stock worth $415,025,000 after purchasing an additional 754,894 shares during the last quarter. 90.37% of the stock is currently owned by institutional investors.
Shares of TJX Companies Inc (NYSE:TJX) opened at $75.71 on Tuesday. The firm has a market cap of $47,827.36, a PE ratio of 20.44, a PEG ratio of 1.62 and a beta of 0.73. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. TJX Companies Inc has a 52 week low of $66.44 and a 52 week high of $81.46.
TJX Companies (NYSE:TJX) last announced its earnings results 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. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. sell-side analysts forecast 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 paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.65%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s payout ratio is currently 33.78%.
Several research analysts recently commented on the stock. Guggenheim reaffirmed a “buy” rating and issued a $86.00 price objective on shares of TJX Companies in a report on Friday, December 15th. Wells Fargo & Co downgraded shares of TJX Companies from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $76.00 to $72.00 in a report on Wednesday, January 3rd. Buckingham Research reissued a “buy” rating and issued a $85.00 price target on shares of TJX Companies in a report on Thursday, October 19th. Zacks Investment Research downgraded shares of TJX Companies from a “buy” rating to a “sell” rating in a report on Monday, November 13th. Finally, Royal Bank of Canada set a $76.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report on Monday, October 30th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. TJX Companies presently has an average rating of “Buy” and an average price target of $82.00.
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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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