Pinebridge Investments L.P. lowered its stake in TJX Companies Inc (NYSE:TJX) by 38.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 135,782 shares of the apparel and home fashions retailer’s stock after selling 84,191 shares during the quarter. Pinebridge Investments L.P.’s holdings in TJX Companies were worth $10,011,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Scotia Capital Inc. lifted its stake in TJX Companies by 9.4% in the 2nd quarter. Scotia Capital Inc. now owns 54,407 shares of the apparel and home fashions retailer’s stock worth $3,926,000 after purchasing an additional 4,661 shares in the last quarter. Northern Capital Management LLC lifted its stake in TJX Companies by 34.5% in the 3rd quarter. Northern Capital Management LLC now owns 53,580 shares of the apparel and home fashions retailer’s stock worth $3,950,000 after purchasing an additional 13,750 shares in the last quarter. Tillar Wenstrup Advisors LLC purchased a new stake in TJX Companies in the 3rd quarter worth $2,083,000. Gofen & Glossberg LLC IL lifted its stake in TJX Companies by 7.9% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 38,532 shares of the apparel and home fashions retailer’s stock worth $2,781,000 after purchasing an additional 2,835 shares in the last quarter. Finally, Curbstone Financial Management Corp lifted its stake in TJX Companies by 100.0% in the 3rd quarter. Curbstone Financial Management Corp now owns 34,872 shares of the apparel and home fashions retailer’s stock worth $2,571,000 after purchasing an additional 17,436 shares in the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.
Several brokerages have commented on TJX. Citigroup decreased their price target on shares of TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Wells Fargo & Company set a $76.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research report on Tuesday, November 14th. Goldman Sachs Group restated a “buy” rating and set a $90.00 target price (down from $97.00) on shares of TJX Companies in a research report on Wednesday, August 16th. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Wednesday, August 9th. Finally, Instinet restated a “buy” rating and set a $80.00 target price (down from $83.00) on shares of TJX Companies in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the stock. TJX Companies presently has an average rating of “Buy” and an average price target of $81.50.
TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting the consensus estimate of $1.00. The company had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.86 billion. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. analysts predict that TJX Companies Inc will post 3.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 9th were issued a dividend of $0.3125 per share. The ex-dividend date was Wednesday, November 8th. This represents a $1.25 annualized dividend and a yield of 1.66%. TJX Companies’s payout ratio is 33.78%.
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TJX Companies Profile
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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