Strategic Financial Services Inc Boosts Stake in TJX Companies Inc (NYSE:TJX)

Strategic Financial Services Inc increased its holdings in shares of TJX Companies Inc (NYSE:TJX) by 69.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,595 shares of the apparel and home fashions retailer’s stock after purchasing an additional 20,765 shares during the quarter. Strategic Financial Services Inc’s holdings in TJX Companies were worth $3,868,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ithaka Group LLC grew its stake in shares of TJX Companies by 0.3% during the 2nd quarter. Ithaka Group LLC now owns 152,029 shares of the apparel and home fashions retailer’s stock worth $10,972,000 after acquiring an additional 398 shares in the last quarter. Pinebridge Investments L.P. grew its stake in shares of TJX Companies by 3.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 219,973 shares of the apparel and home fashions retailer’s stock worth $15,876,000 after acquiring an additional 8,063 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of TJX Companies by 1.5% during 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 in the last quarter. TIAA FSB bought a new position in shares of TJX Companies during the 2nd quarter worth approximately $2,495,000. Finally, Woodley Farra Manion Portfolio Management Inc. grew its stake in shares of TJX Companies by 0.3% during the 2nd quarter. Woodley Farra Manion Portfolio Management Inc. now owns 359,402 shares of the apparel and home fashions retailer’s stock worth $25,938,000 after acquiring an additional 1,211 shares in the last quarter. 90.37% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on TJX shares. Nomura decreased their price target on shares of TJX Companies from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Morgan Stanley decreased their price target on shares of TJX Companies from $86.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, November 15th. Royal Bank of Canada set a $70.00 price target on shares of TJX Companies and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. BMO Capital Markets set a $85.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Finally, Guggenheim reaffirmed a “buy” rating and set a $86.00 price target on shares of TJX Companies in a research note on Friday, December 15th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $82.00.

TJX Companies Inc (NYSE TJX) traded up $1.56 during midday trading on Wednesday, hitting $76.80. The stock had a trading volume of 2,615,341 shares, compared to its average volume of 4,235,291. The firm has a market cap of $48,410.00, a P/E ratio of 20.66, a PEG ratio of 1.62 and a beta of 0.73. 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 Inc has a 12 month low of $66.44 and a 12 month high of $81.46.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting the consensus estimate of $1.00. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.86 billion. During the same quarter in the prior year, the firm posted $0.91 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. equities analysts predict that TJX Companies Inc will post 3.93 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.63%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s dividend payout ratio is 33.78%.

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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.

Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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