Starfire Investment Advisers Inc. Acquires Shares of 5,446 TJX Companies Inc (TJX)
Starfire Investment Advisers Inc. acquired a new stake in shares of TJX Companies Inc (NYSE:TJX) during the fourth quarter, Holdings Channel reports. The firm acquired 5,446 shares of the apparel and home fashions retailer’s stock, valued at approximately $416,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Zions Bancorporation raised its stake in shares of TJX Companies by 185.9% during the third quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after purchasing an additional 883 shares in the last quarter. Lenox Wealth Management Inc. bought a new stake in shares of TJX Companies during the second quarter valued at about $141,000. Highlander Capital Management LLC raised its stake in shares of TJX Companies by 31.3% during the second quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock valued at $150,000 after purchasing an additional 500 shares in the last quarter. Jacobi Capital Management LLC raised its stake in shares of TJX Companies by 20.2% during the second quarter. Jacobi Capital Management LLC now owns 2,101 shares of the apparel and home fashions retailer’s stock valued at $144,000 after purchasing an additional 353 shares in the last quarter. Finally, FTB Advisors Inc. raised its stake in shares of TJX Companies by 1.6% during the second quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock valued at $159,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 90.40% of the company’s stock.
TJX Companies Inc (NYSE TJX) opened at $76.59 on Wednesday. The firm has a market capitalization of $49,496.64, a PE ratio of 20.70, a P/E/G ratio of 1.88 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 current ratio of 1.53 and a quick ratio of 0.67.
TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.00. The firm had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. TJX Companies’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. analysts expect that TJX Companies Inc will post 3.93 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 annualized dividend and a yield of 1.63%. TJX Companies’s dividend payout ratio (DPR) is presently 33.78%.
A number of equities research analysts recently weighed in on the stock. Goldman Sachs Group cut shares of 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. Wells Fargo & Co lowered TJX Companies from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $76.00 to $72.00 in a report on Wednesday, January 3rd. Jefferies Group reaffirmed a “hold” rating and set a $75.00 target price on shares of TJX Companies in a report on Thursday, September 28th. Cowen set a $88.00 target price on TJX Companies and gave the stock a “buy” rating in a report on Wednesday, December 13th. Finally, Guggenheim reaffirmed a “buy” rating and set a $86.00 target price on shares of TJX Companies in a report on Friday, December 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $81.95.
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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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