TJX Companies Inc (TJX) Holdings Lifted by Engineers Gate Manager LP

Engineers Gate Manager LP raised its holdings in shares of TJX Companies Inc (NYSE:TJX) by 251.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,601 shares of the apparel and home fashions retailer’s stock after buying an additional 52,655 shares during the period. TJX Companies comprises approximately 0.5% of Engineers Gate Manager LP’s investment portfolio, making the stock its 25th biggest position. Engineers Gate Manager LP’s holdings in TJX Companies were worth $5,427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TJX. Fort Pitt Capital Group LLC lifted its holdings in TJX Companies by 0.5% during the second quarter. Fort Pitt Capital Group LLC now owns 3,124 shares of the apparel and home fashions retailer’s stock worth $225,000 after buying an additional 17 shares during the period. Summit Asset Management LLC increased its position in shares of TJX Companies by 0.7% during the second quarter. Summit Asset Management LLC now owns 4,500 shares of the apparel and home fashions retailer’s stock worth $325,000 after purchasing an additional 30 shares in the last quarter. Reliance Trust Co. of Delaware increased its position in shares of TJX Companies by 0.9% during the second quarter. Reliance Trust Co. of Delaware now owns 3,487 shares of the apparel and home fashions retailer’s stock worth $251,000 after purchasing an additional 31 shares in the last quarter. FTB Advisors Inc. increased its position in shares of TJX Companies by 1.6% during the second quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock worth $159,000 after purchasing an additional 36 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. increased its position in shares of TJX Companies by 1.2% during the second quarter. C M Bidwell & Associates Ltd. now owns 4,095 shares of the apparel and home fashions retailer’s stock worth $296,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 90.94% of the company’s stock.

A number of brokerages have recently issued reports on TJX. Goldman Sachs Group downgraded TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price target on the stock. in a research report on Tuesday. Nomura cut their target price on TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Morgan Stanley cut their target price on TJX Companies from $86.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 15th. Buckingham Research cut their target price on TJX Companies from $85.00 to $82.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Finally, BMO Capital Markets set a $85.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $81.53.

TJX Companies Inc (NYSE TJX) traded down $1.00 during mid-day trading on Tuesday, hitting $76.00. 2,906,073 shares of the stock traded hands, compared to its average volume of 4,202,484. 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 Inc has a twelve month low of $66.44 and a twelve month high of $80.92. The stock has a market cap of $47,644.00, a price-to-earnings ratio of 20.36, a P/E/G ratio of 1.81 and a beta of 0.75.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 9th were paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Wednesday, November 8th. TJX Companies’s dividend payout ratio is presently 33.78%.

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

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