Signature Financial Management Inc. Reduces Position in TJX Companies Inc (TJX)

Signature Financial Management Inc. lowered its stake in TJX Companies Inc (NYSE:TJX) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,000 shares of the apparel and home fashions retailer’s stock after selling 2,017 shares during the quarter. Signature Financial Management Inc.’s holdings in TJX Companies were worth $1,912,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Atlanta Capital Management Co. L L C boosted its stake in shares of TJX Companies by 1.5% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,454,228 shares of the apparel and home fashions retailer’s stock worth $104,952,000 after acquiring an additional 21,246 shares during the last quarter. Highlander Capital Management LLC boosted its stake in shares of TJX Companies by 31.3% during the 2nd quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock worth $150,000 after acquiring an additional 500 shares during the last quarter. Nomura Holdings Inc. boosted its stake in shares of TJX Companies by 469.6% during the 2nd quarter. Nomura Holdings Inc. now owns 55,344 shares of the apparel and home fashions retailer’s stock worth $3,981,000 after acquiring an additional 45,627 shares during the last quarter. Scotia Capital Inc. boosted its stake in shares of TJX Companies by 9.4% during the 2nd quarter. Scotia Capital Inc. now owns 54,407 shares of the apparel and home fashions retailer’s stock worth $3,926,000 after acquiring an additional 4,661 shares during the last quarter. Finally, Albion Financial Group UT boosted its stake in shares of TJX Companies by 3.2% during the 2nd quarter. Albion Financial Group UT now owns 15,551 shares of the apparel and home fashions retailer’s stock worth $1,122,000 after acquiring an additional 481 shares during the last quarter. Institutional investors own 89.67% of the company’s stock.

Shares of TJX Companies Inc (NYSE TJX) opened at $77.88 on Monday. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The stock has a market cap of $49,243.72, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.65 and a beta of 0.73. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $81.46.

The business 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 $0.3125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a yield of 1.61%. TJX Companies’s dividend payout ratio is currently 33.78%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “strong-buy” rating and set a $88.00 price target on the stock in a research note on Friday. Nomura restated a “buy” rating and set a $87.00 price objective (up from $75.00) on shares of TJX Companies in a research report on Wednesday, January 17th. Wells Fargo & Co downgraded shares of TJX Companies from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $76.00 to $72.00 in a research report on Wednesday, January 3rd. Guggenheim restated a “buy” rating and set a $86.00 price objective on shares of TJX Companies in a research report on Friday, December 15th. Finally, Cowen set a $88.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, December 13th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $82.11.

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

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