Vident Investment Advisory LLC Invests $641,000 in TJX Companies Inc (TJX)

Vident Investment Advisory LLC purchased a new stake in TJX Companies Inc (NYSE:TJX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,694 shares of the apparel and home fashions retailer’s stock, valued at approximately $641,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in TJX Companies by 1.5% during the second quarter. Vanguard Group Inc. now owns 47,816,796 shares of the apparel and home fashions retailer’s stock valued at $3,450,938,000 after purchasing an additional 708,532 shares in the last quarter. BlackRock Inc. increased its holdings in shares of TJX Companies by 4.8% during the second quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock worth $3,158,729,000 after buying an additional 1,996,874 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of TJX Companies by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock worth $610,888,000 after buying an additional 51,364 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of TJX Companies by 278.1% during the second quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock worth $490,110,000 after buying an additional 4,994,846 shares in the last quarter. Finally, Fiera Capital Corp increased its holdings in shares of TJX Companies by 15.1% during the second quarter. Fiera Capital Corp now owns 5,750,653 shares of the apparel and home fashions retailer’s stock worth $415,025,000 after buying an additional 754,894 shares in the last quarter. Institutional investors own 90.94% of the company’s stock.

Shares of TJX Companies Inc (NYSE TJX) traded up $0.75 on Friday, reaching $74.17. 6,967,674 shares of the company’s stock were exchanged, compared to its average volume of 4,838,827. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $46,423.65, a PE ratio of 19.84, a P/E/G ratio of 1.76 and a beta of 0.75. TJX Companies Inc has a twelve month low of $66.44 and a twelve month high of $80.92.

TJX Companies (NYSE:TJX) last issued its quarterly 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 business had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 earnings per share. research analysts forecast that TJX Companies Inc will post 3.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.3125 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a yield of 1.69%. TJX Companies’s dividend payout ratio (DPR) is currently 33.78%.

TJX has been the subject of several research analyst reports. Northcoast Research upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a report on Thursday, September 7th. They noted that the move was a valuation call. Wells Fargo & Company set a $76.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Tuesday, November 14th. Citigroup reduced their price objective on shares of TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. MKM Partners reissued a “buy” rating and issued a $87.00 price objective on shares of TJX Companies in a research note on Tuesday, September 12th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $76.00 price objective on shares of TJX Companies in a research note on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $82.15.

WARNING: “Vident Investment Advisory LLC Invests $641,000 in TJX Companies Inc (TJX)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://ledgergazette.com/2017/12/16/vident-investment-advisory-llc-invests-641000-in-tjx-companies-inc-tjx.html.

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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies Inc (NYSE:TJX).

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

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply