Gabelli Funds LLC Has $14.03 Million Position in TJX Companies Inc (TJX)

Gabelli Funds LLC lifted its position in TJX Companies Inc (NYSE:TJX) by 100.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 125,200 shares of the apparel and home fashions retailer’s stock after purchasing an additional 62,800 shares during the quarter. Gabelli Funds LLC’s holdings in TJX Companies were worth $14,025,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in TJX Companies by 2.8% during the first quarter. Principal Financial Group Inc. now owns 1,801,237 shares of the apparel and home fashions retailer’s stock worth $146,908,000 after buying an additional 49,119 shares during the period. Raymond James Trust N.A. boosted its stake in TJX Companies by 8.3% during the second quarter. Raymond James Trust N.A. now owns 10,730 shares of the apparel and home fashions retailer’s stock worth $1,021,000 after buying an additional 820 shares during the period. First Citizens Bank & Trust Co. purchased a new position in TJX Companies during the second quarter worth about $479,000. Pennsylvania Trust Co boosted its stake in TJX Companies by 8.8% during the second quarter. Pennsylvania Trust Co now owns 17,264 shares of the apparel and home fashions retailer’s stock worth $1,644,000 after buying an additional 1,402 shares during the period. Finally, CX Institutional purchased a new position in TJX Companies during the second quarter worth about $812,000. 90.12% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on TJX shares. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $53.50 target price for the company in a research note on Wednesday, July 18th. Cowen reaffirmed a “buy” rating and set a $57.00 target price on shares of TJX Companies in a research note on Tuesday, July 31st. Citigroup increased their target price on shares of TJX Companies from $48.00 to $55.50 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Deutsche Bank increased their target price on shares of TJX Companies from $50.00 to $52.50 and gave the stock a “buy” rating in a research note on Monday, August 20th. Finally, Buckingham Research increased their target price on shares of TJX Companies from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, August 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. TJX Companies has an average rating of “Buy” and a consensus price target of $54.08.

Shares of TJX opened at $55.64 on Friday. The stock has a market cap of $67.79 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 2.04 and a beta of 0.65. TJX Companies Inc has a 1 year low of $33.22 and a 1 year high of $56.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.77 and a current ratio of 1.64.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.06. The business had revenue of $9.33 billion for the quarter, compared to analysts’ expectations of $8.99 billion. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. As a group, analysts predict that TJX Companies Inc will post 2.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.56 annualized dividend and a dividend yield of 2.80%. TJX Companies’s dividend payout ratio is presently 38.61%.

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TJX Companies Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall d├ęcor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

Further Reading: Market Capitalization – What it Means for Investors

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

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