TJX Companies Inc (TJX) Position Decreased by Appleton Partners Inc. MA
Appleton Partners Inc. MA lessened its holdings in TJX Companies Inc (NYSE:TJX) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,000 shares of the apparel and home fashions retailer’s stock after selling 2,080 shares during the period. Appleton Partners Inc. MA’s holdings in TJX Companies were worth $5,505,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in TJX. Zions Bancorporation boosted its holdings 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 worth $100,000 after buying an additional 883 shares during the last quarter. Lenox Wealth Management Inc. acquired a new stake in TJX Companies in the 2nd quarter worth about $141,000. Mosaic Family Wealth LLC boosted its holdings in TJX Companies by 7.2% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock worth $144,000 after buying an additional 134 shares during the last quarter. Jacobi Capital Management LLC boosted its holdings in TJX Companies by 20.2% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,101 shares of the apparel and home fashions retailer’s stock worth $144,000 after buying an additional 353 shares during the last quarter. Finally, Highlander Capital Management LLC boosted its holdings 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 worth $150,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 90.26% of the company’s stock.
Several equities research analysts recently issued reports on TJX shares. Buckingham Research reiterated a “buy” rating and issued a $85.00 price objective on shares of TJX Companies in a report on Thursday, October 19th. Guggenheim reiterated a “buy” rating and issued a $86.00 price objective on shares of TJX Companies in a report on Friday, December 15th. Royal Bank of Canada set a $70.00 target price on TJX Companies and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Goldman Sachs Group cut TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 target price on the stock. in a report on Tuesday, December 5th. Finally, Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. TJX Companies currently has an average rating of “Buy” and an average target price of $81.95.
Shares of TJX Companies Inc (NYSE:TJX) traded up $0.61 during trading on Friday, hitting $76.88. The stock had a trading volume of 2,698,800 shares, compared to its average volume of 3,736,413. The firm has a market cap of $49,860.00, a PE ratio of 20.78, a P/E/G ratio of 1.85 and a beta of 0.75. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $80.92.
TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting the Thomson Reuters’ 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%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. research analysts forecast that TJX Companies Inc will post 3.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders 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 dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, February 14th. TJX Companies’s payout ratio is presently 33.78%.
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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