ARP Americas LP Acquires New Holdings in TJX Companies Inc (TJX)

ARP Americas LP acquired a new position in TJX Companies Inc (NYSE:TJX) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 3,249 shares of the apparel and home fashions retailer’s stock, valued at approximately $248,000.

A number of other hedge funds also recently bought and sold shares of TJX. BlackRock Inc. raised its position in TJX Companies by 0.9% in the fourth quarter. BlackRock Inc. now owns 45,354,058 shares of the apparel and home fashions retailer’s stock worth $3,467,773,000 after acquiring an additional 425,832 shares in the last quarter. Bank of New York Mellon Corp raised its position in TJX Companies by 3.9% in the fourth quarter. Bank of New York Mellon Corp now owns 19,328,384 shares of the apparel and home fashions retailer’s stock worth $1,477,847,000 after acquiring an additional 728,422 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in TJX Companies by 1.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 6,112,104 shares of the apparel and home fashions retailer’s stock worth $467,331,000 after acquiring an additional 95,862 shares in the last quarter. Fiduciary Management Inc. WI raised its position in TJX Companies by 21.3% in the third quarter. Fiduciary Management Inc. WI now owns 5,660,160 shares of the apparel and home fashions retailer’s stock worth $417,324,000 after acquiring an additional 992,808 shares in the last quarter. Finally, American Century Companies Inc. raised its position in TJX Companies by 2.7% in the third quarter. American Century Companies Inc. now owns 5,234,369 shares of the apparel and home fashions retailer’s stock worth $385,930,000 after acquiring an additional 137,537 shares in the last quarter. 89.67% of the stock is owned by institutional investors and hedge funds.

Shares of TJX Companies Inc (NYSE TJX) opened at $77.96 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. The stock has a market capitalization of $48,307.91, a PE ratio of 21.07, a price-to-earnings-growth ratio of 1.62 and a beta of 0.73. TJX Companies Inc has a twelve month low of $66.44 and a twelve month high of $81.46.

The business also recently disclosed 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. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 annualized dividend and a yield of 1.60%. TJX Companies’s payout ratio is presently 33.78%.

TJX has been the topic of several research reports. Wells Fargo & Co cut shares of TJX Companies from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $76.00 to $72.00 in a research report on Wednesday, January 3rd. Guggenheim reiterated a “buy” rating and issued a $86.00 price target on shares of TJX Companies in a research report on Friday, December 15th. Zacks Investment Research cut shares of TJX Companies from a “buy” rating to a “sell” rating in a research report on Monday, November 13th. Royal Bank of Canada set a $76.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Citigroup dropped their price target on shares of TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. TJX Companies currently has a consensus rating of “Buy” and an average target price of $81.94.

COPYRIGHT VIOLATION NOTICE: “ARP Americas LP Acquires New Holdings in TJX Companies Inc (TJX)” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/02/24/arp-americas-lp-acquires-new-holdings-in-tjx-companies-inc-tjx.html.

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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies Inc (NYSE:TJX).

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

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply