TJX Companies Inc (TJX) Shares Bought by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. increased its position in TJX Companies Inc (NYSE:TJX) by 137.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,344 shares of the apparel and home fashions retailer’s stock after acquiring an additional 5,983 shares during the period. Itau Unibanco Holding S.A.’s holdings in TJX Companies were worth $791,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fort Pitt Capital Group LLC grew its holdings in shares of TJX Companies by 0.5% in the second quarter. Fort Pitt Capital Group LLC now owns 3,124 shares of the apparel and home fashions retailer’s stock worth $225,000 after acquiring an additional 17 shares during the period. Keel Point LLC grew its holdings in shares of TJX Companies by 4.1% in the second quarter. Keel Point LLC now owns 2,963 shares of the apparel and home fashions retailer’s stock worth $214,000 after acquiring an additional 117 shares during the period. Kingfisher Capital LLC grew its holdings in shares of TJX Companies by 1.1% in the second quarter. Kingfisher Capital LLC now owns 14,937 shares of the apparel and home fashions retailer’s stock worth $1,078,000 after acquiring an additional 157 shares during the period. Albion Financial Group UT grew its holdings in shares of TJX Companies by 3.2% in the second 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 period. Finally, Kimelman & Baird LLC grew its holdings in shares of TJX Companies by 0.3% in the second quarter. Kimelman & Baird LLC now owns 167,045 shares of the apparel and home fashions retailer’s stock worth $12,056,000 after acquiring an additional 550 shares during the period. 89.67% of the stock is owned by institutional investors.

Several brokerages recently commented on TJX. Nomura cut their price objective on TJX Companies from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Goldman Sachs Group set a $79.00 price objective on TJX Companies and gave the stock a “buy” rating in a report on Wednesday, November 15th. Wells Fargo & Co set a $76.00 price objective on TJX Companies and gave the stock a “buy” rating in a report on Tuesday, November 14th. Morgan Stanley lowered their target price on TJX Companies from $86.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Saturday, January 20th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $82.11.

TJX Companies Inc (NYSE TJX) opened at $77.88 on Tuesday. TJX Companies Inc has a 52-week low of $66.44 and a 52-week high of $81.46. The company has a market capitalization of $49,243.72, a PE ratio of 21.05, a PEG ratio of 1.65 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.

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

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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.

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

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