Smithfield Trust Co. boosted its stake in shares of TJX Companies Inc (NYSE:TJX) by 79.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,042 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,229 shares during the quarter. Smithfield Trust Co.’s holdings in TJX Companies were worth $628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in shares of 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 acquiring an additional 715,960 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in shares of TJX Companies by 6.5% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 39,560 shares of the apparel and home fashions retailer’s stock valued at $4,400,000 after purchasing an additional 2,428 shares during the period. Jag Capital Management LLC acquired a new stake in shares of TJX Companies in the 3rd quarter valued at about $13,603,000. Whitnell & Co. boosted its position in shares of TJX Companies by 8.9% in the 3rd quarter. Whitnell & Co. now owns 8,550 shares of the apparel and home fashions retailer’s stock valued at $958,000 after purchasing an additional 700 shares during the period. Finally, Arlington Partners LLC acquired a new stake in shares of TJX Companies in the 3rd quarter valued at about $672,000. 63.71% of the stock is currently owned by institutional investors.
A number of analysts recently issued reports on the company. Barclays set a $59.00 target price on TJX Companies and gave the company a “hold” rating in a research report on Thursday, November 8th. ValuEngine cut TJX Companies from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 7th. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Friday, November 16th. Telsey Advisory Group raised TJX Companies from a “market perform” rating to an “outperform” rating and upped their target price for the company from $51.00 to $56.00 in a research report on Thursday, January 31st. Finally, MKM Partners set a $58.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Friday, November 30th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company. TJX Companies has a consensus rating of “Buy” and an average price target of $53.54.
TJX Companies stock traded down $0.31 during mid-day trading on Thursday, reaching $50.20. 61,402 shares of the company were exchanged, compared to its average volume of 5,414,937. TJX Companies Inc has a twelve month low of $37.90 and a twelve month high of $56.64. The company has a current ratio of 1.55, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $62.25 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 1.74 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $9.83 billion during the quarter, compared to the consensus estimate of $9.50 billion. TJX Companies had a return on equity of 59.74% and a net margin of 7.98%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. Equities analysts predict that TJX Companies Inc will post 2.44 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 14th will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Wednesday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 38.61%.
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About TJX Companies
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.
Further Reading: What is a Leveraged Buyout (LBO)?
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