Nationwide Fund Advisors Increases Stake in TJX Companies Inc (TJX)

Nationwide Fund Advisors lifted its stake in shares of TJX Companies Inc (NYSE:TJX) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 197,007 shares of the apparel and home fashions retailer’s stock after purchasing an additional 8,168 shares during the period. Nationwide Fund Advisors’ holdings in TJX Companies were worth $14,525,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Fort Pitt Capital Group LLC raised its holdings in shares of TJX Companies by 0.5% during the second quarter. Fort Pitt Capital Group LLC now owns 3,124 shares of the apparel and home fashions retailer’s stock valued at $225,000 after buying an additional 17 shares during the last quarter. Summit Asset Management LLC increased its stake in shares of TJX Companies by 0.7% during the second quarter. Summit Asset Management LLC now owns 4,500 shares of the apparel and home fashions retailer’s stock valued at $325,000 after acquiring an additional 30 shares during the period. Reliance Trust Co. of Delaware increased its stake in shares of TJX Companies by 0.9% during the second quarter. Reliance Trust Co. of Delaware now owns 3,487 shares of the apparel and home fashions retailer’s stock valued at $251,000 after acquiring an additional 31 shares during the period. FTB Advisors Inc. grew its position in TJX Companies by 1.6% in the second quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock worth $159,000 after buying an additional 36 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. grew its position in TJX Companies by 1.2% in the second quarter. C M Bidwell & Associates Ltd. now owns 4,095 shares of the apparel and home fashions retailer’s stock worth $296,000 after buying an additional 50 shares during the last quarter. 90.94% of the stock is currently owned by institutional investors and hedge funds.

TJX has been the topic of several recent research reports. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Tuesday, October 10th. Nomura lowered their price objective on shares of TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Morgan Stanley reduced their price objective on shares of TJX Companies from $86.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, November 15th. Royal Bank of Canada set a $70.00 price objective on shares of TJX Companies and gave the company an “outperform” rating in a research note on Tuesday, November 14th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $75.00 price objective on shares of TJX Companies in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company’s stock. TJX Companies presently has a consensus rating of “Buy” and an average price target of $82.15.

Shares of TJX Companies Inc (TJX) opened at $74.17 on Monday. The firm has a market cap of $46,894.75, a PE ratio of 20.04, a P/E/G ratio of 1.78 and a beta of 0.75. TJX Companies Inc has a 52 week low of $66.44 and a 52 week high of $80.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67.

TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.00. The business had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. equities analysts expect that TJX Companies Inc will post 3.93 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a yield of 1.69%. TJX Companies’s payout ratio is currently 33.78%.

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TJX Companies 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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