BT Investment Management Ltd Grows Position in TJX Companies Inc (NYSE:TJX)

BT Investment Management Ltd lifted its stake in shares of TJX Companies Inc (NYSE:TJX) by 21.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,068,678 shares of the apparel and home fashions retailer’s stock after purchasing an additional 185,398 shares during the quarter. BT Investment Management Ltd owned about 0.17% of TJX Companies worth $81,711,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TJX. Zions Bancorporation boosted its stake in shares of TJX Companies by 185.9% during the third quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after acquiring an additional 883 shares during the last quarter. Lenox Wealth Management Inc. acquired a new stake in shares of TJX Companies during the second quarter valued at $141,000. Highlander Capital Management LLC boosted its stake in shares of TJX Companies by 31.3% during the second quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock valued at $150,000 after acquiring an additional 500 shares during the last quarter. FTB Advisors Inc. lifted its position in TJX Companies by 1.6% during 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 period. Finally, IFC Holdings Incorporated FL purchased a new position in TJX Companies during the third quarter worth about $203,000. Institutional investors and hedge funds own 90.37% of the company’s stock.

Shares of TJX Companies Inc (NYSE TJX) traded up $0.27 during midday trading on Thursday, hitting $76.84. The company had a trading volume of 1,685,227 shares, compared to its average volume of 4,171,934. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48. The company has a market cap of $48,720.00, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.62 and a beta of 0.73. TJX Companies Inc has a 1-year low of $66.44 and a 1-year high of $81.46.

TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, meeting the consensus estimate of $1.00. The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. 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 business earned $0.91 EPS. equities research analysts forecast that TJX Companies Inc will post 3.93 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Wednesday, February 14th. TJX Companies’s payout ratio is currently 33.78%.

Several equities analysts recently weighed in on TJX shares. Cowen set a $88.00 target price on TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Goldman Sachs Group downgraded TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price objective on the stock. in a report on Tuesday, December 5th. Royal Bank of Canada set a $76.00 price objective on TJX Companies and gave the stock a “buy” rating in a report on Monday, October 30th. Buckingham Research restated a “buy” rating and issued a $85.00 price objective on shares of TJX Companies in a report on Thursday, October 19th. Finally, Wells Fargo & Co set a $76.00 target price on TJX Companies and gave the company a “buy” rating in a research note on Tuesday, November 14th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. TJX Companies has a consensus rating of “Buy” and a consensus price target of $82.00.

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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.

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

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