Ameritas Investment Partners Inc. Reduces Stake in TJX Companies Inc (TJX)

Ameritas Investment Partners Inc. trimmed its stake in shares of TJX Companies Inc (NYSE:TJX) by 11.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,053 shares of the apparel and home fashions retailer’s stock after selling 6,632 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in TJX Companies were worth $3,816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in TJX. Parallel Advisors LLC increased its position in TJX Companies by 8.2% in the 3rd quarter. Parallel Advisors LLC now owns 10,580 shares of the apparel and home fashions retailer’s stock valued at $749,000 after acquiring an additional 804 shares during the period. Northern Oak Wealth Management Inc. increased its position in TJX Companies by 53.7% in the 3rd quarter. Northern Oak Wealth Management Inc. now owns 5,667 shares of the apparel and home fashions retailer’s stock valued at $418,000 after acquiring an additional 1,980 shares during the period. Griffin Asset Management Inc. increased its position in TJX Companies by 203.8% in the 3rd quarter. Griffin Asset Management Inc. now owns 44,551 shares of the apparel and home fashions retailer’s stock valued at $3,285,000 after acquiring an additional 29,885 shares during the period. California Public Employees Retirement System increased its position in TJX Companies by 4.2% in the 3rd quarter. California Public Employees Retirement System now owns 1,708,281 shares of the apparel and home fashions retailer’s stock valued at $125,952,000 after acquiring an additional 69,577 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in TJX Companies by 24.2% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 55,077 shares of the apparel and home fashions retailer’s stock valued at $4,061,000 after acquiring an additional 10,737 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.

Several analysts recently commented on the company. Goldman Sachs Group cut TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 target price on the stock. in a research report on Tuesday, December 5th. Jefferies Group restated a “hold” rating and issued a $75.00 target price on shares of TJX Companies in a research report on Thursday, September 28th. Royal Bank of Canada restated a “buy” rating and issued a $76.00 target price on shares of TJX Companies in a research report on Monday, September 18th. Cowen set a $88.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Wednesday. Finally, Northcoast Research upgraded TJX Companies from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Thursday, September 7th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $81.95.

Shares of TJX Companies Inc (NYSE:TJX) traded up $0.32 during midday trading on Wednesday, reaching $73.62. The company’s stock had a trading volume of 5,204,300 shares, compared to its average volume of 4,227,774. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48. The company has a market cap of $46,347.78, a price-to-earnings ratio of 19.81, a P/E/G ratio of 1.76 and a beta of 0.75. TJX Companies Inc has a 52-week low of $66.44 and a 52-week high of $80.92.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, February 14th. TJX Companies’s dividend payout ratio is presently 33.78%.

ILLEGAL ACTIVITY NOTICE: “Ameritas Investment Partners Inc. Reduces Stake in TJX Companies Inc (TJX)” was originally published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.com-unik.info/2017/12/13/ameritas-investment-partners-inc-reduces-stake-in-tjx-companies-inc-tjx.html.

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.

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

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit