TJX Companies Inc (TJX) Stake Raised by Patten Group Inc.

Patten Group Inc. increased its holdings in TJX Companies Inc (NYSE:TJX) by 1,285.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,595 shares of the apparel and home fashions retailer’s stock after purchasing an additional 127,660 shares during the period. Patten Group Inc.’s holdings in TJX Companies were worth $718,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TJX. Lowe Brockenbrough & Co. Inc. grew its position in TJX Companies by 5.9% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 49,232 shares of the apparel and home fashions retailer’s stock valued at $3,893,000 after acquiring an additional 2,755 shares during the period. Bank of Nova Scotia grew its position in TJX Companies by 265.3% during the first quarter. Bank of Nova Scotia now owns 186,712 shares of the apparel and home fashions retailer’s stock valued at $14,765,000 after acquiring an additional 135,603 shares during the period. Achmea Investment Management B.V. purchased a new stake in TJX Companies during the first quarter valued at about $5,878,000. Teachers Retirement System of The State of Kentucky grew its position in TJX Companies by 0.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 258,400 shares of the apparel and home fashions retailer’s stock valued at $20,434,000 after acquiring an additional 1,400 shares during the period. Finally, Hendley & Co. Inc. grew its position in TJX Companies by 0.3% during the first quarter. Hendley & Co. Inc. now owns 77,081 shares of the apparel and home fashions retailer’s stock valued at $6,096,000 after acquiring an additional 250 shares during the period. 90.94% of the stock is owned by institutional investors and hedge funds.

Shares of TJX Companies Inc (TJX) traded down $0.58 during midday trading on Tuesday, hitting $73.30. The stock had a trading volume of 6,002,300 shares, compared to its average volume of 4,223,671. TJX Companies Inc has a 52 week low of $66.44 and a 52 week high of $80.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. The stock has a market capitalization of $46,714.51, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.77 and a beta of 0.75.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s payout ratio is 33.78%.

A number of equities research analysts have issued reports on TJX shares. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Tuesday, October 10th. Nomura lowered their price target on TJX Companies from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Morgan Stanley lowered their price target on TJX Companies from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, November 15th. Royal Bank of Canada set a $70.00 price target on TJX Companies and gave the company an “outperform” rating in a research report on Tuesday, November 14th. Finally, Jefferies Group reissued a “hold” rating and set a $75.00 price target on shares of TJX Companies in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $81.53.

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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.

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

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