Segall Bryant & Hamill LLC Has $31.99 Million Position in TJX Companies Inc (TJX)

Segall Bryant & Hamill LLC lifted its position in TJX Companies Inc (NYSE:TJX) by 106.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 715,018 shares of the apparel and home fashions retailer’s stock after buying an additional 369,505 shares during the period. Segall Bryant & Hamill LLC’s holdings in TJX Companies were worth $31,990,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TJX. Bridgeway Capital Management Inc. acquired a new position in TJX Companies in the third quarter valued at about $2,128,000. Franklin Resources Inc. lifted its position in TJX Companies by 4.8% in the third quarter. Franklin Resources Inc. now owns 968,551 shares of the apparel and home fashions retailer’s stock valued at $108,496,000 after buying an additional 44,113 shares during the last quarter. GSA Capital Partners LLP acquired a new position in TJX Companies in the third quarter valued at about $413,000. Mirae Asset Global Investments Co. Ltd. lifted its position in TJX Companies by 63.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,494 shares of the apparel and home fashions retailer’s stock valued at $7,219,000 after buying an additional 25,135 shares during the last quarter. Finally, GAM Holding AG lifted its position in TJX Companies by 46.9% in the third quarter. GAM Holding AG now owns 17,652 shares of the apparel and home fashions retailer’s stock valued at $1,977,000 after buying an additional 5,635 shares during the last quarter. 89.87% of the stock is owned by hedge funds and other institutional investors.

TJX has been the topic of several research reports. Credit Suisse Group increased their price target on shares of TJX Companies from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 28th. Cfra raised shares of TJX Companies to a “buy” rating and set a $60.00 price target on the stock in a research report on Thursday, February 28th. Telsey Advisory Group raised shares of TJX Companies from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $51.00 to $56.00 in a research report on Thursday, January 31st. Barclays set a $56.00 price target on shares of TJX Companies and gave the stock a “hold” rating in a research report on Thursday, February 28th. Finally, Loop Capital increased their price target on shares of TJX Companies from $47.00 to $50.00 and gave the stock a “hold” rating in a research report on Wednesday, February 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $55.06.

In related news, Director Amy B. Lane sold 1,625 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $53.00, for a total value of $86,125.00. Following the sale, the director now owns 29,467 shares of the company’s stock, valued at $1,561,751. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Amy B. Lane sold 1,000 shares of the firm’s 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 directly owns 31,092 shares in the company, valued at approximately $1,610,254.68. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

Shares of NYSE:TJX opened at $53.21 on Tuesday. The company has a market capitalization of $65.62 billion, a P/E ratio of 25.22, a PEG ratio of 1.87 and a beta of 0.66. TJX Companies Inc has a fifty-two week low of $39.86 and a fifty-two week high of $56.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.53.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. The firm had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.01 billion. TJX Companies had a net margin of 7.85% and a return on equity of 57.42%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 earnings per share. As a group, analysts predict that TJX Companies Inc will post 2.61 earnings per share for the current fiscal year.

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

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About TJX Companies

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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