Oakworth Capital Inc. lifted its stake in TJX Companies Inc (NYSE:TJX) by 419.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,350 shares of the apparel and home fashions retailer’s stock after acquiring an additional 5,936 shares during the period. Oakworth Capital Inc.’s holdings in TJX Companies were worth $555,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Zions Bancorporation increased its position in TJX Companies by 185.9% during the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after buying an additional 883 shares in the last quarter. Lenox Wealth Management Inc. acquired a new position in TJX Companies during the 2nd quarter valued at about $141,000. Jacobi Capital Management LLC increased its position in TJX Companies by 20.2% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,101 shares of the apparel and home fashions retailer’s stock valued at $144,000 after buying an additional 353 shares in the last quarter. Highlander Capital Management LLC increased its position in TJX Companies by 31.3% during the 2nd quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock valued at $150,000 after buying an additional 500 shares in the last quarter. Finally, FTB Advisors Inc. increased its position in TJX Companies by 1.6% during 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 buying an additional 36 shares in the last quarter. 90.59% of the stock is owned by hedge funds and other institutional investors.
Shares of TJX Companies Inc (NYSE TJX) traded up $1.64 on Monday, hitting $78.89. The stock had a trading volume of 4,564,100 shares, compared to its average volume of 3,732,800. TJX Companies Inc has a 1 year low of $66.44 and a 1 year high of $80.92. 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 stock has a market capitalization of $50,060.00, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 1.89 and a beta of 0.75.
TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates of $1.00. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.86 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. equities research analysts expect that TJX Companies Inc will post 3.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders 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 dividend yield of 1.58%. TJX Companies’s payout ratio is 33.78%.
Several research analysts recently issued reports on TJX shares. Wells Fargo & Co set a $76.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Tuesday, November 14th. Nomura dropped their price target on TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Buckingham Research dropped their price target on TJX Companies from $85.00 to $82.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Goldman Sachs Group set a $79.00 price target on TJX Companies and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, BMO Capital Markets set a $85.00 price target on TJX Companies and gave the company a “buy” rating in a research note on Wednesday, November 15th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $82.53.
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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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