Atalanta Sosnoff Capital LLC acquired a new stake in shares of TJX Companies Inc (NYSE:TJX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 392,531 shares of the apparel and home fashions retailer’s stock, valued at approximately $30,013,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TJX. Alliancebernstein L.P. increased its position in TJX Companies by 278.1% during the 2nd 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 purchasing an additional 4,994,846 shares during the period. BlackRock Inc. increased its position in TJX Companies by 4.8% during the 2nd 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 purchasing an additional 1,996,874 shares during the period. Fiduciary Management Inc. WI increased its position in TJX Companies by 63.5% during the 2nd quarter. Fiduciary Management Inc. WI now owns 4,667,352 shares of the apparel and home fashions retailer’s stock valued at $336,843,000 after purchasing an additional 1,813,259 shares during the period. Bessemer Group Inc. increased its position in TJX Companies by 2,438.3% during the 3rd quarter. Bessemer Group Inc. now owns 1,529,329 shares of the apparel and home fashions retailer’s stock valued at $112,758,000 after purchasing an additional 1,469,079 shares during the period. Finally, Stifel Financial Corp increased its position in TJX Companies by 9,096.8% during the 3rd quarter. Stifel Financial Corp now owns 1,380,987 shares of the apparel and home fashions retailer’s stock valued at $101,787,000 after purchasing an additional 1,365,971 shares during the period. Institutional investors own 90.26% of the company’s stock.

Shares of TJX Companies Inc (NYSE TJX) traded down $0.15 during trading on Tuesday, hitting $75.50. 4,188,246 shares of the stock were exchanged, compared to its average volume of 3,977,358. 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 Inc has a 52-week low of $66.44 and a 52-week high of $80.92. The stock has a market cap of $48,040.00, a P/E ratio of 20.41, a P/E/G ratio of 1.85 and a beta of 0.75.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.00. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.86 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. equities research analysts expect that TJX Companies Inc will post 3.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, February 14th. TJX Companies’s payout ratio is currently 33.78%.

A number of research analysts have commented on the stock. Jefferies Group reissued a “hold” rating and set a $75.00 target price on shares of TJX Companies in a research report on Thursday, September 28th. Goldman Sachs Group set a $79.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, November 15th. Nomura cut their target price on shares of TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Citigroup cut their target price on shares of TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Finally, Cowen set a $88.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $81.95.

COPYRIGHT VIOLATION NOTICE: “392,531 Shares in TJX Companies Inc (TJX) Purchased by Atalanta Sosnoff Capital LLC” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/392531-shares-in-tjx-companies-inc-tjx-purchased-by-atalanta-sosnoff-capital-llc/1800247.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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies Inc (NYSE:TJX).

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.