Smithbridge Asset Management Inc. DE increased its holdings in shares of TJX Companies Inc (NYSE:TJX) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,990 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,246 shares during the quarter. TJX Companies makes up about 2.3% of Smithbridge Asset Management Inc. DE’s holdings, making the stock its 13th largest position. Smithbridge Asset Management Inc. DE’s holdings in TJX Companies were worth $3,593,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of TJX Companies by 1.5% in the second quarter. Vanguard Group Inc. now owns 47,816,796 shares of the apparel and home fashions retailer’s stock valued at $3,450,938,000 after buying an additional 708,532 shares during the period. BlackRock Inc. raised its stake in shares of TJX Companies by 4.8% in the second quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock valued at $3,158,729,000 after buying an additional 1,996,874 shares during the period. Ameriprise Financial Inc. raised its stake in shares of TJX Companies by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock valued at $610,888,000 after buying an additional 51,364 shares during the period. Alliancebernstein L.P. raised its stake in shares of TJX Companies by 278.1% in the second quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock valued at $490,110,000 after buying an additional 4,994,846 shares during the period. Finally, Fiera Capital Corp raised its stake in shares of TJX Companies by 15.1% in the second quarter. Fiera Capital Corp now owns 5,750,653 shares of the apparel and home fashions retailer’s stock valued at $415,025,000 after buying an additional 754,894 shares during the period. Institutional investors and hedge funds own 90.40% of the company’s stock.

TJX Companies Inc (NYSE:TJX) traded down $0.01 during trading on Thursday, reaching $76.58. The company had a trading volume of 3,797,400 shares, compared to its average volume of 3,765,909. TJX Companies Inc has a twelve month low of $66.44 and a twelve 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. The stock has a market capitalization of $49,150.00, a PE ratio of 20.70, a price-to-earnings-growth ratio of 1.83 and a beta of 0.75.

TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS 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 business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. equities research analysts predict 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 annualized dividend and a yield of 1.63%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s payout ratio is 33.78%.

Several brokerages have recently weighed in on TJX. Nomura reiterated a “buy” rating and issued a $87.00 price target (up from $75.00) on shares of TJX Companies in a research report on Wednesday. Wells Fargo & Co cut TJX Companies from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $76.00 to $72.00 in a research report on Wednesday, January 3rd. Guggenheim reiterated a “buy” rating and issued a $86.00 price target on shares of TJX Companies in a research report on Friday, December 15th. Cowen set a $88.00 price target on TJX Companies and gave the company a “buy” rating in a research report on Wednesday, December 13th. Finally, Goldman Sachs Group cut TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price target for the company. in a research report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $82.55.

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

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