New York State Common Retirement Fund decreased its stake in shares of TJX Companies Inc (NYSE:TJX) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,076,800 shares of the apparel and home fashions retailer’s stock after selling 8,081 shares during the quarter. New York State Common Retirement Fund owned about 0.33% of TJX Companies worth $153,122,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in TJX. HS Management Partners LLC acquired a new stake in TJX Companies in the 1st quarter valued at $123,187,000. King Luther Capital Management Corp grew its position in TJX Companies by 4.1% in the 1st quarter. King Luther Capital Management Corp now owns 50,331 shares of the apparel and home fashions retailer’s stock valued at $3,980,000 after purchasing an additional 1,978 shares during the period. Hamilton Point Investment Advisors LLC grew its position in TJX Companies by 2.1% in the 1st quarter. Hamilton Point Investment Advisors LLC now owns 35,524 shares of the apparel and home fashions retailer’s stock valued at $2,809,000 after purchasing an additional 730 shares during the period. KCG Holdings Inc. grew its position in TJX Companies by 1,579.6% in the 1st quarter. KCG Holdings Inc. now owns 58,400 shares of the apparel and home fashions retailer’s stock valued at $4,618,000 after purchasing an additional 54,923 shares during the period. Finally, United Capital Financial Advisers LLC grew its position in TJX Companies by 4.7% in the 1st quarter. United Capital Financial Advisers LLC now owns 51,150 shares of the apparel and home fashions retailer’s stock valued at $4,045,000 after purchasing an additional 2,295 shares during the period. 90.38% of the stock is owned by institutional investors.
Several analysts recently issued reports on TJX shares. Buckingham Research reissued a “buy” rating and issued a $85.00 price target on shares of TJX Companies in a research report on Thursday, October 19th. Northcoast Research raised shares of TJX Companies from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Thursday, September 7th. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 price target on shares of TJX Companies in a research report on Monday, September 18th. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Tuesday, October 10th. Finally, Sanford C. Bernstein assumed coverage on TJX Companies in a research note on Tuesday, September 12th. They set an “outperform” rating and a $88.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company. TJX Companies currently has a consensus rating of “Buy” and a consensus price target of $81.50.
TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.00. The company had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. equities research analysts forecast that TJX Companies Inc will post 3.93 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th were paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, November 8th. TJX Companies’s payout ratio is 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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