Sit Investment Associates Inc. boosted its position in TJX Companies Inc (NYSE:TJX) by 53.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,905 shares of the apparel and home fashions retailer’s stock after purchasing an additional 140,965 shares during the period. Sit Investment Associates Inc.’s holdings in TJX Companies were worth $18,160,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. Edge Wealth Management LLC grew its holdings in TJX Companies by 100.0% during the 4th quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock valued at $29,000 after buying an additional 325 shares during the last quarter. Lenox Wealth Advisors LLC grew its holdings in TJX Companies by 100.0% during the 4th quarter. Lenox Wealth Advisors LLC now owns 734 shares of the apparel and home fashions retailer’s stock valued at $33,000 after buying an additional 367 shares during the last quarter. Weybosset Research & Management LLC grew its holdings in TJX Companies by 0.6% during the 3rd quarter. Weybosset Research & Management LLC now owns 75,751 shares of the apparel and home fashions retailer’s stock valued at $8,486,000 after buying an additional 478 shares during the last quarter. Curbstone Financial Management Corp grew its holdings in TJX Companies by 1.6% during the 4th quarter. Curbstone Financial Management Corp now owns 32,442 shares of the apparel and home fashions retailer’s stock valued at $3,088,000 after buying an additional 500 shares during the last quarter. Finally, Waverton Investment Management Ltd grew its holdings in TJX Companies by 3.7% during the 2nd quarter. Waverton Investment Management Ltd now owns 13,927 shares of the apparel and home fashions retailer’s stock valued at $1,326,000 after buying an additional 501 shares during the last quarter. 44.61% of the stock is owned by hedge funds and other institutional investors.
TJX Companies stock traded down $0.50 during midday trading on Monday, reaching $46.96. The stock had a trading volume of 2,414,783 shares, compared to its average volume of 7,158,281. The company has a current ratio of 1.55, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. TJX Companies Inc has a twelve month low of $36.41 and a twelve month high of $56.64. The stock has a market capitalization of $58.29 billion, a P/E ratio of 23.25, a PEG ratio of 1.74 and a beta of 0.67.
TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. TJX Companies had a return on equity of 59.74% and a net margin of 7.98%. The company had revenue of $9.83 billion for the quarter, compared to analyst estimates of $9.50 billion. During the same period last year, the company posted $1.00 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that TJX Companies Inc will post 2.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Thursday, February 14th will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 1.66%. The ex-dividend date is Wednesday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.
TJX has been the topic of several analyst reports. ValuEngine upgraded TJX Companies from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Friday, November 16th. Nomura decreased their price objective on TJX Companies from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, November 21st. Barclays set a $55.00 price objective on TJX Companies and gave the stock a “hold” rating in a report on Wednesday, November 21st. Finally, Wells Fargo & Co restated a “hold” rating on shares of TJX Companies in a report on Tuesday, November 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. TJX Companies currently has a consensus rating of “Buy” and an average price target of $53.58.
TJX Companies Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
See Also: What is a Stop Order?
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.