Disciplined Growth Investors Inc. MN Has $181.45 Million Position in TJX Companies Inc (TJX)
Disciplined Growth Investors Inc. MN cut its holdings in TJX Companies Inc (NYSE:TJX) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,461,049 shares of the apparel and home fashions retailer’s stock after selling 23,812 shares during the quarter. TJX Companies makes up 3.8% of Disciplined Growth Investors Inc. MN’s holdings, making the stock its 5th biggest holding. Disciplined Growth Investors Inc. MN owned approximately 0.39% of TJX Companies worth $181,453,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in TJX. Bfsg LLC acquired a new stake in TJX Companies in the first quarter valued at about $3,820,000. Bragg Financial Advisors Inc boosted its stake in TJX Companies by 2.3% in the first quarter. Bragg Financial Advisors Inc now owns 75,528 shares of the apparel and home fashions retailer’s stock valued at $5,973,000 after buying an additional 1,710 shares in the last quarter. Summit Global Investments boosted its stake in TJX Companies by 16.0% in the first quarter. Summit Global Investments now owns 44,591 shares of the apparel and home fashions retailer’s stock valued at $3,526,000 after buying an additional 6,140 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in TJX Companies in the first quarter valued at about $884,000. Finally, Kimelman & Baird LLC acquired a new stake in TJX Companies in the first quarter valued at about $13,166,000. 90.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of TJX Companies Inc (NYSE:TJX) traded up $0.04 during mid-day trading on Monday, hitting $73.88. The stock had a trading volume of 4,770,400 shares, compared to its average volume of 4,216,166. TJX Companies Inc has a 12-month low of $66.44 and a 12-month high of $80.92. The firm has a market capitalization of $46,714.51, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 1.77 and a beta of 0.75. 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 (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 firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. analysts forecast that TJX Companies Inc will post 3.93 EPS for the current year.
The business 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 $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s dividend payout ratio is currently 33.78%.
Several analysts recently weighed in on the company. Goldman Sachs Group lowered TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price objective on the stock. in a research note on Tuesday, December 5th. Nomura reduced their price objective on TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Morgan Stanley reduced their price objective on TJX Companies from $86.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 15th. Buckingham Research cut their price target on TJX Companies from $85.00 to $82.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Finally, BMO Capital Markets set a $85.00 price target on TJX Companies and gave the company a “buy” rating in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $81.53.
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TJX Companies 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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