Narwhal Capital Management increased its holdings in TJX Companies Inc (NYSE:TJX) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,170 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,000 shares during the quarter. Narwhal Capital Management’s holdings in TJX Companies were worth $1,389,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Scotia Capital Inc. increased its holdings in shares of 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 valued at $3,926,000 after acquiring an additional 4,661 shares in the last quarter. Northern Capital Management LLC increased its holdings in shares of 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 valued at $3,950,000 after acquiring an additional 13,750 shares in the last quarter. Tillar Wenstrup Advisors LLC acquired a new position in shares of TJX Companies during the third quarter valued at about $2,083,000. Gofen & Glossberg LLC IL increased its holdings in shares of 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 valued at $2,781,000 after acquiring an additional 2,835 shares in the last quarter. Finally, Curbstone Financial Management Corp increased its holdings 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 worth $2,571,000 after buying an additional 17,436 shares during the period. Institutional investors and hedge funds own 90.37% of the company’s stock.
Shares of TJX Companies Inc (TJX) traded up $1.33 during trading hours on Wednesday, hitting $76.57. The company had a trading volume of 4,300,000 shares, compared to its average volume of 4,300,000. TJX Companies Inc has a 1 year low of $66.44 and a 1 year high of $81.46. The firm has a market cap of $48,720.00, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.62 and a beta of 0.73. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48.
TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting analysts’ consensus estimates of $1.00. The company had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. TJX Companies’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. sell-side analysts expect that TJX Companies Inc will post 3.93 EPS for the current 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 paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s payout ratio is presently 33.78%.
TJX has been the topic of several research reports. Cowen set a $88.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Wednesday, December 13th. Goldman Sachs Group downgraded shares of TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price target on the stock. in a report on Tuesday, December 5th. Royal Bank of Canada set a $76.00 price objective on TJX Companies and gave the stock a “buy” rating in a research report on Monday, October 30th. Buckingham Research restated a “buy” rating and issued a $85.00 price objective on shares of TJX Companies in a research report on Thursday, October 19th. Finally, Wells Fargo & Co set a $76.00 price objective on TJX Companies and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $82.00.
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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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