TJX Companies Inc (TJX) Position Raised by Fort Point Capital Partners LLC

Fort Point Capital Partners LLC increased its position in shares of TJX Companies Inc (NYSE:TJX) by 89.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,386 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,775 shares during the quarter. Fort Point Capital Partners LLC’s holdings in TJX Companies were worth $644,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TJX. BlackRock Inc. raised its stake in TJX Companies by 113.3% during the fourth quarter. BlackRock Inc. now owns 90,260,028 shares of the apparel and home fashions retailer’s stock worth $4,038,232,000 after acquiring an additional 47,939,993 shares in the last quarter. Vanguard Group Inc. raised its stake in TJX Companies by 1.2% during the third quarter. Vanguard Group Inc. now owns 49,232,312 shares of the apparel and home fashions retailer’s stock worth $5,515,004,000 after acquiring an additional 593,647 shares in the last quarter. Vanguard Group Inc raised its stake in TJX Companies by 1.2% during the third quarter. Vanguard Group Inc now owns 49,232,312 shares of the apparel and home fashions retailer’s stock worth $5,515,004,000 after acquiring an additional 593,647 shares in the last quarter. Bank of New York Mellon Corp raised its stake in TJX Companies by 77.9% during the fourth quarter. Bank of New York Mellon Corp now owns 33,050,653 shares of the apparel and home fashions retailer’s stock worth $1,478,686,000 after acquiring an additional 14,469,980 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in TJX Companies by 13,963.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 26,176,882 shares of the apparel and home fashions retailer’s stock worth $585,000 after acquiring an additional 25,990,744 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

Several research analysts have commented on the company. Zacks Investment Research downgraded TJX Companies from a “buy” rating to a “hold” rating in a research note on Monday, February 11th. Telsey Advisory Group raised TJX Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $51.00 to $56.00 in a research note on Thursday, January 31st. Barclays set a $55.00 target price on TJX Companies and gave the stock a “hold” rating in a research note on Wednesday, November 21st. Argus raised TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Thursday, November 29th. Finally, Royal Bank of Canada boosted their target price on TJX Companies to $52.00 and gave the stock an “in-line” rating in a research note on Wednesday, November 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $55.06.

TJX Companies stock opened at $51.77 on Friday. TJX Companies Inc has a 1 year low of $39.86 and a 1 year high of $56.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.53 and a quick ratio of 0.70. The company has a market capitalization of $63.84 billion, a PE ratio of 24.54, a PEG ratio of 1.83 and a beta of 0.66.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.68. The business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.01 billion. TJX Companies had a net margin of 7.85% and a return on equity of 57.42%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 EPS. On average, sell-side analysts predict that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

TJX Companies announced that its board has authorized a share repurchase plan on Wednesday, February 27th that permits the company to buyback $2.25 billion in shares. This buyback authorization permits the apparel and home fashions retailer to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

In other TJX Companies news, Director Amy B. Lane sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $51.79, for a total transaction of $51,790.00. Following the completion of the sale, the director now owns 31,092 shares of the company’s stock, valued at approximately $1,610,254.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

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TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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

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