TJX Companies Inc (TJX) Shares Bought by DnB Asset Management AS
DnB Asset Management AS increased its holdings in shares of TJX Companies Inc (NYSE:TJX) by 17.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,310 shares of the apparel and home fashions retailer’s stock after buying an additional 11,900 shares during the quarter. DnB Asset Management AS’s holdings in TJX Companies were worth $6,217,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Zions Bancorporation raised its stake in TJX Companies by 185.9% during 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 period. Lenox Wealth Management Inc. acquired a new stake in TJX Companies during the 2nd quarter worth $141,000. Mosaic Family Wealth LLC raised its stake in TJX Companies by 7.2% during 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 period. Jacobi Capital Management LLC raised its stake in TJX Companies by 20.2% during 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 period. Finally, Highlander Capital Management LLC raised its stake in TJX Companies by 31.3% during 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 period. 90.26% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $76.00 price objective on shares of TJX Companies in a research note on Monday, September 18th. Nomura dropped 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. Wells Fargo & Co set a $76.00 price objective on TJX Companies and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Goldman Sachs Group set a $79.00 price objective on TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Finally, Morgan Stanley dropped 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. 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 stock. The company currently has a consensus rating of “Buy” and a consensus price target of $81.95.
TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.00. The firm had revenue of $8.76 billion during 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%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. equities analysts forecast that TJX Companies Inc will post 3.94 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.3125 dividend. 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 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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