Segall Bryant & Hamill LLC lowered its holdings in TJX Companies Inc (NYSE:TJX) by 3.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 304,331 shares of the apparel and home fashions retailer’s stock after selling 9,780 shares during the period. Segall Bryant & Hamill LLC’s holdings in TJX Companies were worth $22,438,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Jacobi Capital Management LLC raised its position in shares of TJX Companies by 12.9% during the 1st quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after purchasing an additional 200 shares during the period. Lenox Wealth Management Inc. acquired a new stake in shares of TJX Companies during the 2nd quarter worth approximately $141,000. Mosaic Family Wealth LLC raised its position in shares of TJX Companies by 7.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock worth $144,000 after purchasing an additional 134 shares during the period. Oakworth Capital Inc. raised its position in shares of TJX Companies by 10.1% during the 2nd quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock worth $146,000 after purchasing an additional 185 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in shares of TJX Companies by 4.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,029 shares of the apparel and home fashions retailer’s stock worth $147,000 after purchasing an additional 93 shares during the period. 90.94% of the stock is owned by hedge funds and other institutional investors.
TJX Companies Inc (NYSE TJX) traded down $0.55 on Thursday, reaching $75.05. The company had a trading volume of 3,182,800 shares, compared to its average volume of 4,209,286. The firm has a market capitalization of $47,802.07, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.81 and a beta of 0.75. TJX Companies Inc has a 52-week low of $66.44 and a 52-week 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 released its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.00. The firm had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. research analysts forecast that TJX Companies Inc will post 3.93 earnings per share for the current year.
The company 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 dividend on an annualized basis and a yield of 1.67%. TJX Companies’s payout ratio is 33.78%.
Several analysts recently commented on TJX shares. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Tuesday, October 10th. Nomura lowered their target price on TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Morgan Stanley lowered their target price on TJX Companies from $86.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 15th. Royal Bank Of Canada set a $70.00 target price on TJX Companies and gave the company an “outperform” rating in a research 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 research report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $81.53.
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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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