Commonwealth Equity Services Inc raised its holdings in TJX Companies Inc (NYSE:TJX) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 99,814 shares of the apparel and home fashions retailer’s stock after buying an additional 4,494 shares during the quarter. Commonwealth Equity Services Inc’s holdings in TJX Companies were worth $7,359,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of TJX. Scotia Capital Inc. boosted its position in shares of TJX Companies by 9.4% during the second quarter. Scotia Capital Inc. now owns 54,407 shares of the apparel and home fashions retailer’s stock valued at $3,926,000 after purchasing an additional 4,661 shares in the last quarter. Northern Capital Management LLC boosted its position in shares of TJX Companies by 34.5% during the third quarter. Northern Capital Management LLC now owns 53,580 shares of the apparel and home fashions retailer’s stock valued at $3,950,000 after purchasing an additional 13,750 shares in the last quarter. Tillar Wenstrup Advisors LLC bought a new stake in shares of TJX Companies during the third quarter valued at approximately $2,083,000. Gofen & Glossberg LLC IL raised its stake in TJX Companies by 7.9% during the second quarter. Gofen & Glossberg LLC IL now owns 38,532 shares of the apparel and home fashions retailer’s stock valued at $2,781,000 after buying an additional 2,835 shares during the last quarter. Finally, Curbstone Financial Management Corp raised its stake in TJX Companies by 100.0% during the third quarter. Curbstone Financial Management Corp now owns 34,872 shares of the apparel and home fashions retailer’s stock valued at $2,571,000 after buying an additional 17,436 shares during the last quarter. Hedge funds and other institutional investors own 90.38% of the company’s stock.
Shares of TJX Companies Inc (NYSE TJX) opened at $75.35 on Monday. The company has a market capitalization of $47,940.00, a price-to-earnings ratio of 20.36, a P/E/G ratio of 1.81 and a beta of 0.75. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48. TJX Companies Inc has a 1 year low of $66.44 and a 1 year high of $80.92.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th were issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.66%. The ex-dividend date was Wednesday, November 8th. TJX Companies’s dividend payout ratio is presently 33.78%.
A number of research analysts have issued reports on the company. Jefferies Group reiterated a “hold” rating and set a $75.00 price objective on shares of TJX Companies in a research note on Thursday, September 28th. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 price target on shares of TJX Companies in a research note on Monday, September 18th. Northcoast Research upgraded TJX Companies from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Thursday, September 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Tuesday, October 10th. Finally, Sanford C. Bernstein began coverage on TJX Companies in a research note on Tuesday, September 12th. They issued an “outperform” rating and a $88.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $81.50.
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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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