IFC Holdings Incorporated FL Invests $203,000 in TJX Companies Inc (TJX) Stock

IFC Holdings Incorporated FL purchased a new position in TJX Companies Inc (NYSE:TJX) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,752 shares of the apparel and home fashions retailer’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TJX. Vanguard Group Inc. increased its position in shares of TJX Companies by 1.5% during the second quarter. Vanguard Group Inc. now owns 47,816,796 shares of the apparel and home fashions retailer’s stock valued at $3,450,938,000 after purchasing an additional 708,532 shares during the period. BlackRock Inc. increased its position in shares of TJX Companies by 4.8% during the second quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock valued at $3,158,729,000 after purchasing an additional 1,996,874 shares during the period. State Street Corp increased its position in shares of TJX Companies by 6.6% during the first quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock valued at $2,277,402,000 after purchasing an additional 1,773,046 shares during the period. Wellington Management Group LLP increased its position in shares of TJX Companies by 19.2% during the first quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock valued at $1,637,238,000 after purchasing an additional 3,339,536 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of TJX Companies by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock valued at $610,888,000 after purchasing an additional 51,364 shares during the period. 89.32% of the stock is currently owned by institutional investors.

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TJX has been the topic of a number of research reports. Zacks Investment Research upgraded TJX Companies from a “sell” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Tuesday, July 18th. Buckingham Research restated a “buy” rating and set a $85.00 price objective on shares of TJX Companies in a research report on Thursday, October 19th. Northcoast Research upgraded TJX Companies from a “neutral” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Thursday, September 7th. They noted that the move was a valuation call. Royal Bank Of Canada restated a “buy” rating and set a $76.00 price objective on shares of TJX Companies in a research report on Monday, September 18th. Finally, BidaskClub cut TJX Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $83.25.

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $72.52, for a total value of $1,450,400.00. Following the transaction, the chief executive officer now owns 480,821 shares of the company’s stock, valued at $34,869,138.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.23% of the stock is currently owned by insiders.

TJX Companies Inc (TJX) opened at $68.60 on Friday. The company has a market capitalization of $43.65 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.68 and a beta of 0.72. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.63 and a quick ratio of 0.80. TJX Companies Inc has a one year low of $66.65 and a one year high of $80.92.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.29 billion. TJX Companies had a return on equity of 52.87% and a net margin of 6.83%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share. sell-side analysts expect that TJX Companies Inc will post 3.93 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies’s dividend payout ratio is currently 35.41%.

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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