Bailard Inc. Has $5.43 Million Holdings in TJX Companies Inc (TJX)
Bailard Inc. reduced its position in TJX Companies Inc (NYSE:TJX) by 6.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,975 shares of the apparel and home fashions retailer’s stock after selling 4,648 shares during the period. Bailard Inc.’s holdings in TJX Companies were worth $5,427,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Zions Bancorporation boosted its position in TJX Companies by 185.9% in the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after buying an additional 883 shares during the last quarter. Lenox Wealth Management Inc. purchased a new position in TJX Companies in the 2nd quarter valued at about $141,000. Highlander Capital Management LLC boosted its position in TJX Companies by 31.3% in the 2nd quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock valued at $150,000 after buying an additional 500 shares during the last quarter. FTB Advisors Inc. boosted its position in TJX Companies by 1.6% in the 2nd quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock valued at $159,000 after buying an additional 36 shares during the last quarter. Finally, IFC Holdings Incorporated FL purchased a new position in TJX Companies in the 3rd quarter valued at about $203,000. 90.37% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on TJX shares. Nomura decreased their price objective on shares of TJX Companies from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Morgan Stanley decreased their price objective on shares of TJX Companies from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, November 15th. Royal Bank of Canada set a $70.00 target price on shares of TJX Companies and gave the company an “outperform” rating in a research note on Tuesday, November 14th. BMO Capital Markets set a $85.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, Guggenheim restated a “buy” rating and issued a $86.00 target price on shares of TJX Companies in a research note on Friday, December 15th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $82.00.
TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, hitting the consensus estimate of $1.00. The firm had revenue of $8.76 billion for 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 prior year, the business earned $0.91 earnings per share. analysts expect that TJX Companies Inc will post 3.93 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be paid a dividend of $0.3125 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 annualized dividend and a yield of 1.65%. TJX Companies’s dividend payout ratio (DPR) is 33.78%.
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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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