State of Wisconsin Investment Board Has $71.19 Million Position in TJX Companies Inc (TJX)

State of Wisconsin Investment Board reduced its position in shares of TJX Companies Inc (NYSE:TJX) by 0.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 931,031 shares of the apparel and home fashions retailer’s stock after selling 6,454 shares during the period. State of Wisconsin Investment Board owned about 0.15% of TJX Companies worth $71,187,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Fort Pitt Capital Group LLC increased its position in TJX Companies by 0.5% in the 2nd 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 acquiring an additional 17 shares in the last quarter. FTB Advisors Inc. increased its position in TJX Companies by 1.6% in the 2nd quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock valued at $159,000 after acquiring an additional 36 shares in the last quarter. C M Bidwell & Associates Ltd. increased its position in TJX Companies by 1.2% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 4,095 shares of the apparel and home fashions retailer’s stock valued at $296,000 after acquiring an additional 50 shares in the last quarter. Keel Point LLC increased its position in TJX Companies by 4.1% in the 2nd quarter. Keel Point LLC now owns 2,963 shares of the apparel and home fashions retailer’s stock valued at $214,000 after acquiring an additional 117 shares in the last quarter. Finally, Cypress Capital Management LLC increased its position in TJX Companies by 3.7% in the 2nd quarter. Cypress Capital Management LLC now owns 3,711 shares of the apparel and home fashions retailer’s stock valued at $268,000 after acquiring an additional 134 shares in the last quarter. 90.37% of the stock is owned by hedge funds and other institutional investors.

Shares of TJX Companies Inc (NYSE TJX) traded up $0.54 during trading hours on Thursday, hitting $77.11. 1,519,686 shares of the stock traded hands, compared to its average volume of 4,171,269. TJX Companies Inc has a 12 month low of $66.44 and a 12 month high of $81.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. The firm has a market cap of $48,720.00, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.62 and a beta of 0.73.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the consensus estimate of $1.00. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The company had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. During the same quarter in the previous year, the company earned $0.91 EPS. TJX Companies’s revenue was up 5.7% on a year-over-year basis. sell-side analysts anticipate that TJX Companies Inc will post 3.93 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s dividend payout ratio is 33.78%.

Several equities research analysts have weighed in on TJX shares. Nomura lowered their price objective on shares of TJX Companies from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Morgan Stanley lowered 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 report 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 report on Tuesday, November 14th. BMO Capital Markets set a $85.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Guggenheim restated a “buy” rating and issued a $86.00 price objective on shares of TJX Companies in a research report on Friday, December 15th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average 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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