Wolverine Asset Management LLC trimmed its stake in shares of TJX Companies Inc (NYSE:TJX) by 86.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,767 shares of the apparel and home fashions retailer’s stock after selling 17,876 shares during the quarter. Wolverine Asset Management LLC’s holdings in TJX Companies were worth $211,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in shares of TJX Companies by 9.7% during the 4th quarter. Franklin Resources Inc. now owns 980,072 shares of the apparel and home fashions retailer’s stock worth $74,937,000 after buying an additional 86,359 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of TJX Companies by 1.5% during the 4th quarter. Clearbridge Investments LLC now owns 1,554,959 shares of the apparel and home fashions retailer’s stock worth $118,892,000 after buying an additional 23,479 shares in the last quarter. Ironvine Capital Partners LLC acquired a new position in shares of TJX Companies during the 4th quarter worth $510,000. Advisor Group Inc. raised its holdings in shares of TJX Companies by 8.2% during the 4th quarter. Advisor Group Inc. now owns 81,638 shares of the apparel and home fashions retailer’s stock worth $6,244,000 after buying an additional 6,174 shares in the last quarter. Finally, Wafra Investment Advisory Group Inc. NY raised its holdings in shares of TJX Companies by 22.9% during the 4th quarter. Wafra Investment Advisory Group Inc. NY now owns 334,539 shares of the apparel and home fashions retailer’s stock worth $25,579,000 after buying an additional 62,339 shares in the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.
A number of equities analysts have recently commented on the company. Loop Capital assumed coverage on TJX Companies in a report on Thursday, March 8th. They set a “hold” rating and a $84.00 price target for the company. Cowen set a $92.00 price target on TJX Companies and gave the stock a “buy” rating in a report on Thursday, March 1st. Deutsche Bank boosted their price target on TJX Companies from $86.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research cut TJX Companies from a “buy” rating to a “hold” rating in a report on Monday, March 5th. Finally, BMO Capital Markets set a $94.00 price target on TJX Companies and gave the stock a “buy” rating in a report on Thursday, March 1st. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. TJX Companies currently has an average rating of “Buy” and a consensus price target of $87.30.
TJX Companies Inc (NYSE:TJX) opened at $81.41 on Friday. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $84.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 0.84. The stock has a market capitalization of $51,431.49, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.62 and a beta of 0.68.
TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 earnings per share (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 business had revenue of $10.96 billion during the quarter, compared to analysts’ expectations of $10.75 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. equities analysts forecast that TJX Companies Inc will post 4.86 earnings per share for the current year.
TJX Companies announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 28th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
In other news, CEO Ernie Herrman sold 10,000 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $84.00, for a total value of $840,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy B. Lane sold 1,000 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $82.81, for a total value of $82,810.00. Following the completion of the sale, the director now directly owns 15,998 shares of the company’s stock, valued at approximately $1,324,794.38. The disclosure for this sale can be found here. In the last three months, insiders sold 77,855 shares of company stock valued at $6,502,443. Insiders own 0.23% of the company’s stock.
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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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