Achmea Investment Management B.V. trimmed its holdings in shares of TJX Companies Inc (NYSE:TJX) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,069 shares of the apparel and home fashions retailer’s stock after selling 2,104 shares during the period. Achmea Investment Management B.V.’s holdings in TJX Companies were worth $6,046,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of TJX. Vanguard Group Inc. grew its holdings in TJX Companies by 1.5% during the second quarter. Vanguard Group Inc. now owns 47,816,796 shares of the apparel and home fashions retailer’s stock worth $3,450,938,000 after acquiring an additional 708,532 shares during the period. BlackRock Inc. grew its holdings in TJX Companies by 4.8% during the second quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock worth $3,158,729,000 after acquiring an additional 1,996,874 shares during the period. State Street Corp grew its holdings in TJX Companies by 6.6% during the first quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock worth $2,277,402,000 after acquiring an additional 1,773,046 shares during the period. Ameriprise Financial Inc. increased its stake in TJX Companies by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock worth $610,888,000 after purchasing an additional 51,364 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in TJX Companies by 278.1% in the 2nd quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock worth $490,110,000 after purchasing an additional 4,994,846 shares in the last quarter. 88.93% of the stock is currently owned by institutional investors.
A number of equities analysts recently weighed in on TJX shares. Buckingham Research reissued a “buy” rating and issued a $85.00 price target on shares of TJX Companies in a research note on Thursday, October 19th. Northcoast Research raised TJX Companies from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Thursday, September 7th. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 price target on shares of TJX Companies in a research note on Monday, September 18th. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Tuesday, October 10th. Finally, Sanford C. Bernstein started coverage on TJX Companies in a research note on Tuesday, September 12th. They issued an “outperform” rating and a $88.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $81.50.
Shares of TJX Companies Inc (TJX) traded up $0.30 during midday trading on Monday, reaching $70.87. The company’s stock had a trading volume of 1,603,300 shares, compared to its average volume of 4,166,198. TJX Companies Inc has a 12-month low of $66.44 and a 12-month high of $80.92. The firm has a market cap of $45,092.74, a price-to-earnings ratio of 19.15, a PEG ratio of 1.70 and a beta of 0.72. 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 announced its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $8.86 billion. During the same period last year, the company posted $0.91 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. equities research analysts forecast that TJX Companies Inc will post 3.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be issued a dividend of $0.3125 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.76%. TJX Companies’s dividend payout ratio is 33.78%.
In other news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the completion of the sale, the chief executive officer now directly owns 480,821 shares in the company, valued at approximately $34,869,138.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.23% of the stock is owned by insiders.
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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.
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