Lodge Hill Capital LLC bought a new stake in shares of TJX Companies Inc (NYSE:TJX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 345,000 shares of the apparel and home fashions retailer’s stock, valued at approximately $26,379,000. TJX Companies accounts for about 2.9% of Lodge Hill Capital LLC’s investment portfolio, making the stock its 15th biggest holding. Lodge Hill Capital LLC owned approximately 0.05% of TJX Companies at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Harrington Investments INC grew its position in shares of TJX Companies by 3.0% during the 4th quarter. Harrington Investments INC now owns 21,664 shares of the apparel and home fashions retailer’s stock worth $1,656,000 after buying an additional 640 shares during the period. Assetmark Inc. grew its position in TJX Companies by 50.3% in the 4th quarter. Assetmark Inc. now owns 1,983 shares of the apparel and home fashions retailer’s stock valued at $152,000 after purchasing an additional 664 shares during the period. Capital Investment Services of America Inc. grew its position in TJX Companies by 0.4% in the 4th quarter. Capital Investment Services of America Inc. now owns 184,330 shares of the apparel and home fashions retailer’s stock valued at $14,094,000 after purchasing an additional 685 shares during the period. Global X Management Co. LLC grew its position in TJX Companies by 13.3% in the 4th quarter. Global X Management Co. LLC now owns 5,853 shares of the apparel and home fashions retailer’s stock valued at $448,000 after purchasing an additional 689 shares during the period. Finally, Pegasus Partners Ltd. grew its position in TJX Companies by 3.3% in the 3rd quarter. Pegasus Partners Ltd. now owns 22,649 shares of the apparel and home fashions retailer’s stock valued at $1,670,000 after purchasing an additional 733 shares during the period. 91.07% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on the stock. Cowen set a $92.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Thursday, March 1st. Royal Bank of Canada set a $91.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Monday, March 5th. Northcoast Research set a $90.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Friday, March 2nd. Finally, Deutsche Bank lifted their target price on TJX Companies from $86.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, March 1st. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $87.30.
TJX Companies Inc (TJX) traded down $0.42 during midday trading on Wednesday, hitting $81.88. The stock had a trading volume of 4,090,000 shares, compared to its average volume of 5,320,000. TJX Companies Inc has a 52-week low of $66.44 and a 52-week high of $84.79. The stock has a market capitalization of $51,770.00, a PE ratio of 18.95, a P/E/G ratio of 1.64 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.84 and a current ratio of 1.66.
TJX Companies (NYSE:TJX) last released its 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. TJX Companies had a return on equity of 55.23% and a net margin of 7.27%. The firm had revenue of $10.96 billion for the quarter, compared to analysts’ expectations of $10.75 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. equities research analysts expect that TJX Companies Inc will post 4.86 earnings per share for the current year.
TJX Companies declared that its board has authorized a stock repurchase plan on Wednesday, February 28th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the apparel and home fashions retailer to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
In related news, CEO Ernie Herrman sold 11,000 shares of the stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $83.64, for a total transaction of $920,040.00. Following the completion of the sale, the chief executive officer now owns 454,821 shares in the company, valued at $38,041,228.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Carol Meyrowitz sold 43,020 shares of the stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $83.77, for a total value of $3,603,785.40. Following the sale, the chairman now owns 294,098 shares of the company’s stock, valued at approximately $24,636,589.46. The disclosure for this sale can be found here. Insiders have sold 65,020 shares of company stock worth $5,446,635 over the last ninety days. 0.23% of the stock is currently owned by insiders.
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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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