TJX Companies Inc (TJX) Shares Bought by Acadian Asset Management LLC
Acadian Asset Management LLC increased its position in shares of TJX Companies Inc (NYSE:TJX) by 151.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 211,131 shares of the apparel and home fashions retailer’s stock after acquiring an additional 127,269 shares during the quarter. Acadian Asset Management LLC’s holdings in TJX Companies were worth $16,145,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Pacad Investment Ltd. boosted its position in shares of TJX Companies by 51.6% in the 2nd quarter. Pacad Investment Ltd. now owns 28,500 shares of the apparel and home fashions retailer’s stock valued at $2,057,000 after purchasing an additional 9,700 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of TJX Companies by 7.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 9,032 shares of the apparel and home fashions retailer’s stock valued at $652,000 after purchasing an additional 663 shares during the period. Swiss National Bank boosted its position in shares of TJX Companies by 2.6% in the 2nd quarter. Swiss National Bank now owns 2,964,521 shares of the apparel and home fashions retailer’s stock valued at $213,949,000 after purchasing an additional 74,500 shares during the period. Delta Lloyd Asset Management N.V. acquired a new position in shares of TJX Companies in the 2nd quarter valued at $6,818,000. Finally, Cipher Capital LP boosted its position in shares of TJX Companies by 231.8% in the 2nd quarter. Cipher Capital LP now owns 129,988 shares of the apparel and home fashions retailer’s stock valued at $9,381,000 after purchasing an additional 90,808 shares during the period. 90.40% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on the company. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Saturday. Nomura reiterated a “buy” rating and issued a $87.00 price target (up previously from $75.00) on shares of TJX Companies in a research report on Wednesday, January 17th. Wells Fargo & Co lowered TJX Companies from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $76.00 to $72.00 in a research report on Wednesday, January 3rd. Guggenheim reiterated a “buy” rating and issued a $86.00 price target on shares of TJX Companies in a research report on Friday, December 15th. Finally, Cowen set a $88.00 price target on TJX Companies and gave the company a “buy” rating in a research report on Wednesday, December 13th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. TJX Companies presently has an average rating of “Buy” and a consensus price target of $82.53.
TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The business had revenue of $8.76 billion during 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 firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. sell-side analysts anticipate that TJX Companies Inc will post 3.93 earnings per share for the current 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 issued a dividend of $0.3125 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 annualized dividend and a dividend yield of 1.58%. TJX Companies’s dividend payout ratio is 33.78%.
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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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