CMH Wealth Management LLC acquired a new position in shares of TJX Companies Inc (NYSE:TJX) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 21,705 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,665,000.
Other large investors also recently modified their holdings of the company. Donald L. Hagan LLC increased its stake in TJX Companies by 23.4% in the 4th quarter. Donald L. Hagan LLC now owns 13,258 shares of the apparel and home fashions retailer’s stock valued at $1,014,000 after buying an additional 2,513 shares during the last quarter. Bremer Trust National Association acquired a new stake in TJX Companies in the 4th quarter valued at $230,000. Hexavest Inc. increased its stake in TJX Companies by 1.7% in the 4th quarter. Hexavest Inc. now owns 629,870 shares of the apparel and home fashions retailer’s stock valued at $48,160,000 after buying an additional 10,632 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in TJX Companies by 5.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 228,272 shares of the apparel and home fashions retailer’s stock valued at $17,453,000 after buying an additional 11,077 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new stake in TJX Companies in the 4th quarter valued at $4,122,000. Institutional investors and hedge funds own 90.26% of the company’s stock.
Several brokerages have issued reports on TJX. Wells Fargo & Co lowered shares of TJX Companies from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $76.00 to $72.00 in a research note on Wednesday, January 3rd. Guggenheim reiterated a “buy” rating and issued a $86.00 price target on shares of TJX Companies in a research note on Friday, December 15th. Cowen set a $88.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, December 13th. Goldman Sachs Group lowered shares of TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price target on the stock. in a research note on Tuesday, December 5th. Finally, Nomura lowered their price target on shares of TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. TJX Companies presently has a consensus rating of “Buy” and a consensus price target of $81.95.
Shares of TJX Companies Inc (NYSE:TJX) traded up $1.40 on Friday, hitting $78.28. 3,910,000 shares of the stock were exchanged, compared to its average volume of 4,300,000. TJX Companies Inc has a 52 week low of $66.44 and a 52 week high of $80.92. The company has a market cap of $49,810.00, a P/E ratio of 21.16, a PEG ratio of 1.85 and a beta of 0.75. 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 announced its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting analysts’ consensus estimates of $1.00. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.86 billion. During the same quarter last year, the firm posted $0.91 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. analysts expect that TJX Companies Inc will post 3.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s dividend payout ratio (DPR) is presently 33.78%.
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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