Axa Acquires 42,366 Shares of TJX Companies Inc (TJX)
Axa increased its holdings in TJX Companies Inc (NYSE:TJX) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,091,140 shares of the apparel and home fashions retailer’s stock after buying an additional 42,366 shares during the period. Axa owned about 0.17% of TJX Companies worth $80,449,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Shelton Capital Management lifted its holdings in TJX Companies by 12.2% in the 3rd quarter. Shelton Capital Management now owns 7,758 shares of the apparel and home fashions retailer’s stock valued at $572,000 after purchasing an additional 842 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of TJX Companies during the 3rd quarter worth about $628,000. Crestwood Advisors Group LLC lifted its holdings in shares of TJX Companies by 0.5% during the 3rd quarter. Crestwood Advisors Group LLC now owns 213,641 shares of the apparel and home fashions retailer’s stock worth $15,752,000 after acquiring an additional 1,088 shares during the period. Coastline Trust Co lifted its holdings in shares of TJX Companies by 40.3% during the 3rd quarter. Coastline Trust Co now owns 10,875 shares of the apparel and home fashions retailer’s stock worth $802,000 after acquiring an additional 3,125 shares during the period. Finally, Gofen & Glossberg LLC IL lifted its holdings in shares of TJX Companies by 3.4% during the 3rd quarter. Gofen & Glossberg LLC IL now owns 39,833 shares of the apparel and home fashions retailer’s stock worth $2,937,000 after acquiring an additional 1,301 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.
Several brokerages have recently weighed in on TJX. MKM Partners reiterated a “buy” rating and set a $87.00 price objective on shares of TJX Companies in a report on Tuesday, September 12th. Guggenheim reiterated a “buy” rating and set a $86.00 price objective on shares of TJX Companies in a report on Friday. BMO Capital Markets reiterated an “outperform” rating on shares of TJX Companies in a report on Tuesday, September 12th. Sanford C. Bernstein began coverage on shares of TJX Companies in a report on Tuesday, September 12th. They set an “outperform” rating and a $88.00 price objective on the stock. Finally, Northcoast Research upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Thursday, September 7th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company. TJX Companies presently has an average rating of “Buy” and a consensus target price of $82.15.
TJX Companies Inc (NYSE TJX) traded down $0.48 on Friday, reaching $73.42. 4,074,100 shares of the company were exchanged, compared to its average volume of 4,227,055. The firm has a market cap of $46,727.16, a P/E ratio of 19.97, a PEG ratio of 1.77 and a beta of 0.75. TJX Companies Inc has a 12-month low of $66.44 and a 12-month high of $80.92. 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 (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 Zacks’ consensus estimate of $1.00. The firm had revenue of $8.76 billion during the quarter, compared to the consensus estimate 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 was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. analysts expect that TJX Companies Inc will post 3.93 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Wednesday, February 14th. TJX Companies’s dividend payout ratio (DPR) is presently 33.78%.
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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