State of Alaska Department of Revenue increased its holdings in TJX Companies Inc (NYSE:TJX) by 594.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,454 shares of the apparel and home fashions retailer’s stock after buying an additional 81,700 shares during the period. State of Alaska Department of Revenue’s holdings in TJX Companies were worth $7,296,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in TJX Companies by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 47,816,796 shares of the apparel and home fashions retailer’s stock valued at $3,450,938,000 after purchasing an additional 708,532 shares in the last quarter. BlackRock Inc. lifted its holdings in TJX Companies by 4.8% in the 2nd quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock valued at $3,158,729,000 after purchasing an additional 1,996,874 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings 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 valued at $610,888,000 after purchasing an additional 51,364 shares in the last quarter. Alliancebernstein L.P. lifted its holdings 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 valued at $490,110,000 after purchasing an additional 4,994,846 shares in the last quarter. Finally, Fiera Capital Corp lifted its holdings in TJX Companies by 15.1% in the 2nd quarter. Fiera Capital Corp now owns 5,750,653 shares of the apparel and home fashions retailer’s stock valued at $415,025,000 after purchasing an additional 754,894 shares in the last quarter. Institutional investors and hedge funds own 90.40% of the company’s stock.
TJX has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Tuesday, October 10th. Nomura reduced their target price 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 reduced their target price on shares of TJX Companies from $86.00 to $85.00 and set an “overweight” rating on the stock in a report on Wednesday, November 15th. Royal Bank of Canada set a $70.00 target price on shares of TJX Companies and gave the company an “outperform” rating in a report on Tuesday, November 14th. Finally, Jefferies Group restated a “hold” rating and issued a $75.00 target price on shares of TJX Companies in a report on Thursday, September 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $82.32.
TJX Companies Inc (NYSE:TJX) opened at $78.89 on Friday. The firm has a market cap of $48,845.37, a PE ratio of 21.32, a PEG ratio of 1.85 and a beta of 0.75. TJX Companies Inc has a 1-year low of $66.44 and a 1-year high of $80.92. 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 (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 Thomson Reuters’ consensus estimate of $1.00. The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. research analysts anticipate that TJX Companies Inc will post 3.93 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.3125 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 annualized dividend and a dividend yield of 1.58%. TJX Companies’s payout ratio is currently 33.78%.
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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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