TJX Companies Inc (TJX) Shares Sold by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. cut its holdings in shares of TJX Companies Inc (NYSE:TJX) by 18.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,704 shares of the apparel and home fashions retailer’s stock after selling 2,431 shares during the quarter. First Allied Advisory Services Inc.’s holdings in TJX Companies were worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lowe Brockenbrough & Co. Inc. lifted its stake in TJX Companies by 5.9% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 49,232 shares of the apparel and home fashions retailer’s stock worth $3,893,000 after acquiring an additional 2,755 shares in the last quarter. Bank of Nova Scotia lifted its stake in TJX Companies by 265.3% during the 1st quarter. Bank of Nova Scotia now owns 186,712 shares of the apparel and home fashions retailer’s stock worth $14,765,000 after acquiring an additional 135,603 shares in the last quarter. Achmea Investment Management B.V. acquired a new position in TJX Companies during the 1st quarter worth about $5,878,000. Teachers Retirement System of The State of Kentucky lifted its stake in TJX Companies by 0.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 258,400 shares of the apparel and home fashions retailer’s stock worth $20,434,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Hendley & Co. Inc. lifted its stake in TJX Companies by 0.3% during the 1st quarter. Hendley & Co. Inc. now owns 77,081 shares of the apparel and home fashions retailer’s stock worth $6,096,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.

TJX Companies Inc (TJX) traded down $0.58 during mid-day trading on Tuesday, reaching $73.30. The company’s stock had a trading volume of 6,002,300 shares, compared to its average volume of 4,223,671. 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 firm has a market cap of $46,714.51, a price-to-earnings ratio of 19.97, a P/E/G ratio of 1.77 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.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.00. The company 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. equities analysts anticipate that TJX Companies Inc will post 3.93 earnings per share for the current fiscal 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 given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s dividend payout ratio is currently 33.78%.

Several equities analysts recently issued reports on TJX shares. Goldman Sachs Group reissued a “buy” rating and set a $90.00 target price (down previously from $97.00) on shares of TJX Companies in a research note on Wednesday, August 16th. Instinet reissued a “buy” rating and set a $80.00 target price (down previously from $83.00) on shares of TJX Companies in a research note on Wednesday, August 16th. Nomura set a $80.00 target price on TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, August 16th. MKM Partners reissued a “buy” rating and set a $87.00 target price on shares of TJX Companies in a research note on Tuesday, September 12th. Finally, Northcoast Research raised TJX Companies from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Thursday, September 7th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company. TJX Companies has an average rating of “Buy” and a consensus target price of $81.53.

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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.

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

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