Professional Advisory Services Inc. Acquires 28,881 Shares of TJX Companies Inc (TJX)

Professional Advisory Services Inc. increased its holdings in shares of TJX Companies Inc (NYSE:TJX) by 13.0% in the 4th quarter, Holdings Channel reports. The firm owned 251,525 shares of the apparel and home fashions retailer’s stock after acquiring an additional 28,881 shares during the quarter. TJX Companies makes up approximately 4.1% of Professional Advisory Services Inc.’s portfolio, making the stock its 3rd largest position. Professional Advisory Services Inc.’s holdings in TJX Companies were worth $19,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TJX. Zions Bancorporation raised its holdings in TJX Companies by 185.9% in the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after acquiring an additional 883 shares in the last quarter. Lenox Wealth Management Inc. acquired a new position in TJX Companies in the 2nd quarter valued at approximately $141,000. Highlander Capital Management LLC raised its holdings in TJX Companies by 31.3% in the 2nd quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock valued at $150,000 after acquiring an additional 500 shares in the last quarter. Jacobi Capital Management LLC raised its holdings in TJX Companies by 20.2% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,101 shares of the apparel and home fashions retailer’s stock valued at $144,000 after acquiring an additional 353 shares in the last quarter. Finally, FTB Advisors Inc. raised its holdings in TJX Companies by 1.6% in the 2nd quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock valued at $159,000 after acquiring an additional 36 shares in the last quarter. 90.40% of the stock is owned by institutional investors and hedge funds.

TJX has been the subject of several recent research reports. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Tuesday, October 10th. Nomura cut their price target on TJX Companies from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Morgan Stanley cut their price target on TJX Companies from $86.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, November 15th. Royal Bank of Canada set a $70.00 price target on TJX Companies and gave the company an “outperform” rating in a report on Tuesday, November 14th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $75.00 price target on shares of TJX Companies in a report on Thursday, September 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $82.32.

TJX Companies Inc (NYSE TJX) traded up $0.67 during mid-day trading on Friday, hitting $77.25. The stock had a trading volume of 2,537,300 shares, compared to its average volume of 3,663,525. 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 $49,930.00, a price-to-earnings ratio of 20.88, a P/E/G ratio of 1.83 and a beta of 0.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, meeting the consensus estimate of $1.00. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. During the same period in the prior year, the company posted $0.91 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. research analysts expect that TJX Companies Inc will post 3.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a $0.3125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 annualized dividend and a dividend yield of 1.62%. TJX Companies’s dividend payout ratio is currently 33.78%.

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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.

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

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