Vontobel Asset Management Inc. Raises Holdings in TJX Companies Inc (TJX)

Vontobel Asset Management Inc. raised its position in TJX Companies Inc (NYSE:TJX) by 42.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,309,652 shares of the apparel and home fashions retailer’s stock after purchasing an additional 980,553 shares during the period. TJX Companies makes up 1.8% of Vontobel Asset Management Inc.’s portfolio, making the stock its 21st biggest holding. Vontobel Asset Management Inc.’s holdings in TJX Companies were worth $259,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Scotia Capital Inc. grew its holdings in TJX Companies by 9.4% in the 2nd quarter. Scotia Capital Inc. now owns 54,407 shares of the apparel and home fashions retailer’s stock valued at $3,926,000 after buying an additional 4,661 shares in the last quarter. Northern Capital Management LLC grew its holdings in TJX Companies by 34.5% in the 3rd quarter. Northern Capital Management LLC now owns 53,580 shares of the apparel and home fashions retailer’s stock valued at $3,950,000 after buying an additional 13,750 shares in the last quarter. Tillar Wenstrup Advisors LLC acquired a new position in TJX Companies in the 3rd quarter valued at $2,083,000. Gofen & Glossberg LLC IL grew its holdings in TJX Companies by 7.9% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 38,532 shares of the apparel and home fashions retailer’s stock valued at $2,781,000 after buying an additional 2,835 shares in the last quarter. Finally, Curbstone Financial Management Corp grew its holdings in TJX Companies by 100.0% in the 3rd quarter. Curbstone Financial Management Corp now owns 34,872 shares of the apparel and home fashions retailer’s stock valued at $2,571,000 after buying an additional 17,436 shares in the last quarter. 90.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TJX Companies Inc (NYSE:TJX) traded up $1.40 during mid-day trading on Tuesday, hitting $78.28. The company had a trading volume of 3,912,400 shares, compared to its average volume of 3,755,967. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48. TJX Companies Inc has a twelve month low of $66.44 and a twelve month high of $80.92. The company has a market cap of $48,800.00, a P/E ratio of 21.16, a P/E/G ratio of 1.88 and a beta of 0.75.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 annualized dividend and a dividend yield of 1.60%. TJX Companies’s dividend payout ratio is currently 33.78%.

TJX has been the subject of a number of recent analyst reports. Jefferies Group reiterated a “hold” rating and set a $75.00 target price on shares of TJX Companies in a research report on Thursday, September 28th. Goldman Sachs Group set a $79.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Wednesday, November 15th. Nomura cut their target price on TJX Companies from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Citigroup cut their target price on TJX Companies from $88.00 to $81.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Finally, Cowen set a $88.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $81.95.

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About TJX Companies

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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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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