Engineers Gate Manager LP lessened its position in TJX Companies Inc (NYSE:TJX) by 74.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,924 shares of the apparel and home fashions retailer’s stock after selling 54,677 shares during the quarter. Engineers Gate Manager LP’s holdings in TJX Companies were worth $1,447,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Zions Bancorporation raised its holdings in shares of TJX Companies by 185.9% in 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 during the period. Lenox Wealth Management Inc. purchased a new stake in shares of TJX Companies in the 2nd quarter valued at $141,000. Highlander Capital Management LLC raised its holdings in shares of TJX Companies by 31.3% in 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 during the period. FTB Advisors Inc. raised its holdings in shares of TJX Companies by 1.6% in 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 period. Finally, IFC Holdings Incorporated FL purchased a new stake in shares of TJX Companies in the 3rd quarter valued at $203,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.
Several equities research analysts recently issued reports on TJX shares. Buckingham Research reiterated a “buy” rating and issued a $85.00 price objective on shares of TJX Companies in a report on Thursday, October 19th. Wells Fargo & Co downgraded TJX Companies from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $76.00 to $72.00 in a report on Wednesday, January 3rd. Guggenheim reiterated a “buy” rating and issued a $86.00 price objective on shares of TJX Companies in a report on Friday, December 15th. Goldman Sachs Group cut TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 target price for the company. in a research note on Tuesday, December 5th. Finally, Royal Bank of Canada set a $70.00 target price on TJX Companies and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $82.53.
TJX Companies Inc (NYSE TJX) opened at $74.36 on Friday. TJX Companies Inc has a one year low of $66.44 and a one year high of $81.46. The company has a market capitalization of $47,310.00, a price-to-earnings ratio of 20.10, a P/E/G ratio of 1.63 and a beta of 0.73. 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 released its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the Thomson Reuters’ 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 analysts’ expectations of $8.86 billion. During the same period in the previous year, the firm posted $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 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given 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 1.68%. TJX Companies’s dividend payout ratio is currently 33.78%.
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.
Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies Inc (NYSE:TJX).
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.