Quadrature Capital Ltd Takes Position in TJX Companies Inc (TJX)

Quadrature Capital Ltd purchased a new position in shares of TJX Companies Inc (NYSE:TJX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 84,429 shares of the apparel and home fashions retailer’s stock, valued at approximately $6,459,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Bessemer Group Inc. boosted its holdings in TJX Companies by 2,438.3% in the third quarter. Bessemer Group Inc. now owns 1,529,329 shares of the apparel and home fashions retailer’s stock valued at $112,758,000 after purchasing an additional 1,469,079 shares during the period. Stifel Financial Corp boosted its holdings in TJX Companies by 9,096.8% in the third quarter. Stifel Financial Corp now owns 1,380,987 shares of the apparel and home fashions retailer’s stock valued at $101,787,000 after purchasing an additional 1,365,971 shares during the period. Nordea Investment Management AB boosted its holdings in TJX Companies by 327.6% in the third quarter. Nordea Investment Management AB now owns 1,769,307 shares of the apparel and home fashions retailer’s stock valued at $130,451,000 after purchasing an additional 1,355,496 shares during the period. Fiduciary Management Inc. WI boosted its holdings in TJX Companies by 21.3% in the third quarter. Fiduciary Management Inc. WI now owns 5,660,160 shares of the apparel and home fashions retailer’s stock valued at $417,324,000 after purchasing an additional 992,808 shares during the period. Finally, Vontobel Asset Management Inc. boosted its holdings in TJX Companies by 42.1% in the fourth quarter. Vontobel Asset Management Inc. now owns 3,309,652 shares of the apparel and home fashions retailer’s stock valued at $259,225,000 after purchasing an additional 980,553 shares during the period. Institutional investors and hedge funds own 89.67% of the company’s stock.

Shares of TJX Companies Inc (NYSE TJX) opened at $76.40 on Friday. TJX Companies Inc has a 52 week low of $66.44 and a 52 week high of $81.46. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $47,953.82, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.60 and a beta of 0.73.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s dividend payout ratio is presently 33.78%.

A number of research firms recently issued reports on TJX. Nomura decreased their target price on TJX Companies from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Goldman Sachs Group set a $79.00 target price on TJX Companies and gave the company a “buy” rating in a report on Wednesday, November 15th. Wells Fargo & Co set a $76.00 target price on TJX Companies and gave the company a “buy” rating in a report on Tuesday, November 14th. Morgan Stanley decreased their target price on TJX Companies from $86.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Saturday, January 20th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $81.94.

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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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