WestEnd Advisors LLC increased its stake in shares of TJX Companies Inc (NYSE:TJX) by 97.7% during the fourth quarter, Holdings Channel reports. The fund owned 772,656 shares of the apparel and home fashions retailer’s stock after purchasing an additional 381,862 shares during the period. TJX Companies makes up 3.7% of WestEnd Advisors LLC’s holdings, making the stock its 6th largest position. WestEnd Advisors LLC’s holdings in TJX Companies were worth $34,569,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of TJX Companies by 1.2% in the third quarter. Vanguard Group Inc. now owns 49,232,312 shares of the apparel and home fashions retailer’s stock valued at $5,515,004,000 after purchasing an additional 593,647 shares during the last quarter. Vanguard Group Inc grew its holdings in TJX Companies by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 49,232,312 shares of the apparel and home fashions retailer’s stock valued at $5,515,004,000 after buying an additional 593,647 shares during the last quarter. BlackRock Inc. grew its holdings in TJX Companies by 2.6% in the 3rd quarter. BlackRock Inc. now owns 42,320,035 shares of the apparel and home fashions retailer’s stock valued at $4,740,690,000 after buying an additional 1,089,109 shares during the last quarter. FMR LLC grew its holdings in TJX Companies by 4.0% in the 3rd quarter. FMR LLC now owns 24,992,585 shares of the apparel and home fashions retailer’s stock valued at $2,799,669,000 after buying an additional 949,799 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in TJX Companies by 3.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 19,231,563 shares of the apparel and home fashions retailer’s stock valued at $1,830,461,000 after buying an additional 715,960 shares during the last quarter. 50.70% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Friday, November 16th. Citigroup raised their price objective on shares of TJX Companies from $55.50 to $62.50 and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Cowen set a $59.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, November 21st. Nomura decreased their price target on shares of TJX Companies from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, November 21st. Finally, Argus upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Thursday, November 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $53.54.
Shares of NYSE:TJX traded up $0.05 on Monday, hitting $48.99. The stock had a trading volume of 38,412 shares, compared to its average volume of 5,810,400. TJX Companies Inc has a twelve month low of $36.41 and a twelve month high of $56.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 1.55. The company has a market capitalization of $60.35 billion, a PE ratio of 24.22, a P/E/G ratio of 1.69 and a beta of 0.67.
TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The company had revenue of $9.83 billion for the quarter, compared to the consensus estimate of $9.50 billion. TJX Companies had a net margin of 7.98% and a return on equity of 59.74%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.00 EPS. On average, analysts forecast that TJX Companies Inc will post 2.44 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Thursday, February 14th will be given a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $0.78 dividend on an annualized basis and a yield of 1.59%. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.
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TJX Companies Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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