BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Boosts Holdings in TJX Companies Inc (TJX)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of TJX Companies Inc (NYSE:TJX) by 24.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 350,173 shares of the apparel and home fashions retailer’s stock after buying an additional 67,857 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of TJX Companies worth $25,818,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TJX. Fort Pitt Capital Group LLC boosted its stake in shares of 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 purchasing an additional 17 shares in the last quarter. Summit Asset Management LLC raised its holdings in TJX Companies by 0.7% during the 2nd quarter. Summit Asset Management LLC now owns 4,500 shares of the apparel and home fashions retailer’s stock valued at $325,000 after buying an additional 30 shares during the last quarter. Reliance Trust Co. of Delaware raised its holdings in TJX Companies by 0.9% during the 2nd quarter. Reliance Trust Co. of Delaware now owns 3,487 shares of the apparel and home fashions retailer’s stock valued at $251,000 after buying an additional 31 shares during the last quarter. FTB Advisors Inc. raised its holdings 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 during the last quarter. Finally, C M Bidwell & Associates Ltd. raised its holdings in TJX Companies by 1.2% during 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 buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 90.94% of the company’s stock.

Several brokerages recently issued reports on TJX. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Tuesday, October 10th. Nomura dropped their price objective on shares of TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Morgan Stanley lowered their target price on shares of TJX Companies from $86.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, November 15th. Royal Bank Of Canada set a $70.00 price objective on TJX Companies and gave the company an “outperform” rating in a report on Tuesday, November 14th. Finally, Jefferies Group reiterated a “hold” rating and issued a $75.00 target price on shares of TJX Companies in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $81.53.

Shares of TJX Companies Inc (NYSE:TJX) traded down $0.55 during trading on Thursday, hitting $75.05. The stock had a trading volume of 3,182,800 shares, compared to its average volume of 4,209,286. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. The firm has a market cap of $47,802.07, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.81 and a beta of 0.75. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $80.92.

TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting the consensus estimate of $1.00. The firm had revenue of $8.76 billion for the quarter, compared to analysts’ expectations 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 was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. research analysts forecast that TJX Companies Inc will post 3.93 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 annualized dividend and a dividend yield of 1.67%. TJX Companies’s dividend payout ratio (DPR) is presently 33.78%.

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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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