Jones Financial Companies Lllp increased its position in TJX Companies Inc (NYSE:TJX) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 104,901 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,957 shares during the quarter. Jones Financial Companies Lllp’s holdings in TJX Companies were worth $8,020,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Nationwide Fund Advisors raised its holdings in TJX Companies by 4.3% in the 3rd quarter. Nationwide Fund Advisors now owns 197,007 shares of the apparel and home fashions retailer’s stock valued at $14,525,000 after acquiring an additional 8,168 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of TJX Companies by 8.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 89,917 shares of the apparel and home fashions retailer’s stock worth $6,631,000 after purchasing an additional 7,298 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of TJX Companies during the 3rd quarter worth approximately $404,000. Rock Point Advisors LLC grew its position in shares of TJX Companies by 1.3% during the 3rd quarter. Rock Point Advisors LLC now owns 119,299 shares of the apparel and home fashions retailer’s stock worth $8,796,000 after purchasing an additional 1,531 shares in the last quarter. Finally, Telemus Capital LLC grew its position in shares of TJX Companies by 1.6% during the 3rd quarter. Telemus Capital LLC now owns 47,647 shares of the apparel and home fashions retailer’s stock worth $3,513,000 after purchasing an additional 761 shares in the last quarter. 91.07% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on TJX. Cowen set a $92.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research report on Thursday, March 1st. Royal Bank of Canada set a $91.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Monday, March 5th. Northcoast Research set a $90.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research report on Friday, March 2nd. Finally, Deutsche Bank increased their target price on shares of TJX Companies from $86.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, March 1st. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. TJX Companies presently has a consensus rating of “Buy” and an average price target of $86.75.
Shares of TJX Companies Inc (NYSE:TJX) opened at $82.67 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 0.43. The company has a market cap of $52,272.45, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.65 and a beta of 0.68. TJX Companies Inc has a twelve month low of $66.44 and a twelve month high of $84.79.
TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.10. The business had revenue of $10.96 billion during the quarter, compared to analysts’ expectations of $10.75 billion. TJX Companies had a net margin of 7.27% and a return on equity of 55.23%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the company posted $1.03 earnings per share. equities analysts predict that TJX Companies Inc will post 4.86 EPS for the current fiscal year.
TJX Companies declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 28th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the apparel and home fashions retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
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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.
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