Steward Partners Investment Advisory LLC boosted its position in TJX Companies Inc (NYSE:TJX) by 388.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 41,612 shares of the apparel and home fashions retailer’s stock after acquiring an additional 33,086 shares during the period. Steward Partners Investment Advisory LLC’s holdings in TJX Companies were worth $3,181,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of TJX Companies by 1.5% in the second 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 purchasing an additional 708,532 shares during the last quarter. BlackRock Inc. boosted its stake in TJX Companies by 4.8% in the second 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 in the last quarter. Ameriprise Financial Inc. boosted its stake in TJX Companies by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock worth $610,888,000 after buying an additional 51,364 shares in the last quarter. Alliancebernstein L.P. boosted its stake in TJX Companies by 278.1% in the second 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 in the last quarter. Finally, Fiera Capital Corp boosted its stake in TJX Companies by 15.1% in the second quarter. Fiera Capital Corp now owns 5,750,653 shares of the apparel and home fashions retailer’s stock worth $415,025,000 after buying an additional 754,894 shares in the last quarter. 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, reaching $76.57. The company’s stock had a trading volume of 4,277,441 shares, compared to its average volume of 4,300,000. The stock has a market capitalization of $48,720.00, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.62 and a beta of 0.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two 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 (EPS) for the quarter, hitting the consensus estimate of $1.00. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The business had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.86 billion. During the same period last year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. equities analysts forecast that TJX Companies Inc will post 3.93 earnings per share 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 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 1.63%. TJX Companies’s payout ratio is currently 33.78%.
A number of analysts have recently weighed in on TJX shares. Goldman Sachs Group lowered 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 TJX Companies from $88.00 to $81.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Wells Fargo & Co set a $76.00 price target on TJX Companies and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, Cowen set a $88.00 price objective on TJX Companies and gave the stock a “buy” rating in a report on Wednesday, December 13th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average 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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