Accident Compensation Corp trimmed its holdings in shares of TJX Companies Inc (NYSE:TJX) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,271 shares of the apparel and home fashions retailer’s stock after selling 2,000 shares during the quarter. Accident Compensation Corp’s holdings in TJX Companies were worth $3,190,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in TJX. Magnetar Financial LLC purchased a new position in TJX Companies in the third quarter valued at about $1,631,000. Turtle Creek Asset Management Inc. grew its stake in TJX Companies by 13.0% in the third quarter. Turtle Creek Asset Management Inc. now owns 799,350 shares of the apparel and home fashions retailer’s stock valued at $58,936,000 after purchasing an additional 92,000 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in TJX Companies by 24.0% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 350,173 shares of the apparel and home fashions retailer’s stock valued at $25,818,000 after purchasing an additional 67,857 shares during the last quarter. AMP Capital Investors Ltd grew its stake in TJX Companies by 10.4% in the third quarter. AMP Capital Investors Ltd now owns 377,862 shares of the apparel and home fashions retailer’s stock valued at $27,861,000 after purchasing an additional 35,652 shares during the last quarter. Finally, Beck Capital Management LLC purchased a new position in TJX Companies in the third quarter valued at about $337,000. Institutional investors and hedge funds own 90.94% of the company’s stock.
Several equities analysts have issued reports on the company. Goldman Sachs Group lowered TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 target price on the stock. in a research note on Tuesday. Nomura dropped their price target on TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Morgan Stanley dropped their price target on TJX Companies from $86.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 15th. Buckingham Research dropped their price target on TJX Companies from $85.00 to $82.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Finally, BMO Capital Markets set a $85.00 price target on TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the stock. TJX Companies has a consensus rating of “Buy” and an average target price of $81.53.
Shares of TJX Companies Inc (NYSE:TJX) traded down $1.40 during midday trading on Wednesday, reaching $75.60. The company had a trading volume of 6,820,400 shares, compared to its average volume of 4,213,672. The stock has a market capitalization of $48,687.30, a price-to-earnings ratio of 20.81, a P/E/G ratio of 1.85 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 issued its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.00. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. TJX Companies’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 earnings per share. sell-side analysts anticipate that TJX Companies Inc will post 3.93 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.65%. TJX Companies’s payout ratio is presently 33.78%.
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TJX Companies 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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