WASHINGTON TRUST Co increased its position in shares of TJX Companies Inc (NYSE:TJX) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,821 shares of the apparel and home fashions retailer’s stock after acquiring an additional 4,216 shares during the quarter. WASHINGTON TRUST Co’s holdings in TJX Companies were worth $7,173,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. Stoneridge Investment Partners LLC purchased a new stake in TJX Companies in the 4th quarter valued at about $5,167,000. Bank of The Ozarks raised its holdings in TJX Companies by 4.0% in the 4th quarter. Bank of The Ozarks now owns 24,359 shares of the apparel and home fashions retailer’s stock valued at $1,863,000 after buying an additional 940 shares during the period. AT Bancorp raised its holdings in TJX Companies by 9.0% in the 4th quarter. AT Bancorp now owns 25,627 shares of the apparel and home fashions retailer’s stock valued at $1,960,000 after buying an additional 2,119 shares during the period. Alps Advisors Inc. raised its holdings in TJX Companies by 52.8% in the 4th quarter. Alps Advisors Inc. now owns 11,189 shares of the apparel and home fashions retailer’s stock valued at $856,000 after buying an additional 3,866 shares during the period. Finally, Calton & Associates Inc. purchased a new stake in TJX Companies in the 4th quarter valued at about $231,000. 90.37% of the stock is currently owned by hedge funds and other institutional investors.
TJX Companies Inc (NYSE:TJX) traded up $1.40 during mid-day trading on Wednesday, hitting $76.64. 3,120,958 shares of the company were exchanged, compared to its average volume of 4,240,622. 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 12-month low of $66.44 and a 12-month high of $81.46. The stock has a market capitalization of $48,410.00, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 1.62 and a beta of 0.73.
TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, hitting the Zacks’ consensus estimate 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 period in the prior year, the firm earned $0.91 earnings per share. The business’s quarterly revenue 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 company also recently announced 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. 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 33.78%.
Several analysts recently issued reports on TJX shares. Buckingham Research restated a “buy” rating and issued a $85.00 price objective on shares of TJX Companies in a report on Thursday, October 19th. Royal Bank of Canada set a $76.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Monday, October 30th. Zacks Investment Research lowered shares of TJX Companies from a “buy” rating to a “sell” rating in a report on Monday, November 13th. Wells Fargo & Co set a $76.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Citigroup reduced their price objective on shares of TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus 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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