TJX Companies Inc (TJX) Stake Lessened by Tiedemann Wealth Management LLC
Tiedemann Wealth Management LLC lowered its position in TJX Companies Inc (NYSE:TJX) by 4.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 115,100 shares of the apparel and home fashions retailer’s stock after selling 5,346 shares during the period. TJX Companies accounts for approximately 0.8% of Tiedemann Wealth Management LLC’s portfolio, making the stock its 29th largest position. Tiedemann Wealth Management LLC’s holdings in TJX Companies were worth $6,384,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Scotia Capital Inc. increased its stake in shares of 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 valued at $3,926,000 after acquiring an additional 4,661 shares in the last quarter. Northern Capital Management LLC increased its stake in shares of 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 valued at $3,950,000 after acquiring an additional 13,750 shares in the last quarter. Tillar Wenstrup Advisors LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at $2,083,000. Gofen & Glossberg LLC IL increased its stake in shares of 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 valued at $2,781,000 after acquiring an additional 2,835 shares in the last quarter. Finally, Curbstone Financial Management Corp increased its stake in shares of 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 valued at $2,571,000 after acquiring an additional 17,436 shares in the last quarter. Hedge funds and other institutional investors own 90.38% of the company’s stock.
In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the completion of the sale, the chief executive officer now owns 480,821 shares in the company, valued at approximately $34,869,138.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.
Shares of TJX Companies Inc (NYSE:TJX) traded up $1.69 during mid-day trading on Wednesday, reaching $72.65. 4,642,600 shares of the company’s stock were exchanged, compared to its average volume of 4,169,565. The company has a market cap of $45,092.75, a price-to-earnings ratio of 19.15, a PEG ratio of 1.70 and a beta of 0.72. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $80.92.
TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.00. The business had revenue of $8.76 billion during 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%. TJX Companies’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. research analysts anticipate that TJX Companies Inc will post 3.93 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $1.25 dividend on an annualized basis and a yield of 1.72%. TJX Companies’s dividend payout ratio (DPR) is presently 33.78%.
Several research firms have recently weighed in on TJX. Citigroup lowered their price objective on shares of TJX Companies from $88.00 to $81.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Wells Fargo & Company set a $76.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Tuesday, November 14th. Goldman Sachs Group reiterated a “buy” rating and issued a $90.00 price objective (down previously from $97.00) on shares of TJX Companies in a research note 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 price objective for the company in a research note on Wednesday, August 9th. Finally, Instinet reiterated a “buy” rating and issued a $80.00 price objective (down previously from $83.00) on shares of TJX Companies in a research note 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 company. TJX Companies has an average rating of “Buy” and an average target price of $81.50.
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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.
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