Van Leeuwen & Company LLC Has $1.34 Million Position in TJX Companies Inc (TJX)
Van Leeuwen & Company LLC boosted its stake in TJX Companies Inc (NYSE:TJX) by 71.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,961 shares of the apparel and home fashions retailer’s stock after acquiring an additional 12,474 shares during the period. TJX Companies accounts for 1.3% of Van Leeuwen & Company LLC’s investment portfolio, making the stock its 27th largest holding. Van Leeuwen & Company LLC’s holdings in TJX Companies were worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in TJX. BlackRock Inc. boosted its holdings in TJX Companies by 113.3% in the fourth quarter. BlackRock Inc. now owns 90,260,028 shares of the apparel and home fashions retailer’s stock valued at $4,038,232,000 after acquiring an additional 47,939,993 shares during the last quarter. FMR LLC boosted its holdings in TJX Companies by 106.0% in the fourth quarter. FMR LLC now owns 51,478,425 shares of the apparel and home fashions retailer’s stock valued at $2,303,144,000 after acquiring an additional 26,485,840 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in TJX Companies by 13,963.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 26,176,882 shares of the apparel and home fashions retailer’s stock valued at $585,000 after buying an additional 25,990,744 shares during the period. Bank of New York Mellon Corp lifted its stake in TJX Companies by 77.9% in the fourth quarter. Bank of New York Mellon Corp now owns 33,050,653 shares of the apparel and home fashions retailer’s stock valued at $1,478,686,000 after buying an additional 14,469,980 shares during the period. Finally, Norges Bank acquired a new position in TJX Companies in the fourth quarter valued at approximately $545,373,000. Institutional investors and hedge funds own 89.88% of the company’s stock.
TJX has been the topic of several recent analyst reports. Zacks Investment Research lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Monday, February 11th. Morgan Stanley boosted their price target on TJX Companies from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, February 28th. ValuEngine raised TJX Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Barclays set a $56.00 price target on TJX Companies and gave the company a “hold” rating in a research note on Thursday, February 28th. Finally, Telsey Advisory Group raised TJX Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $51.00 to $56.00 in a research note on Thursday, January 31st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $55.06.
Shares of NYSE:TJX opened at $53.82 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. TJX Companies Inc has a twelve month low of $40.47 and a twelve month high of $56.64. The company has a market cap of $65.37 billion, a PE ratio of 25.51, a PEG ratio of 1.90 and a beta of 0.66.
TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.68. TJX Companies had a return on equity of 57.42% and a net margin of 7.85%. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same period in the prior year, the firm earned $1.30 earnings per share. TJX Companies’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities analysts predict that TJX Companies Inc will post 2.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.71%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s dividend payout ratio is presently 36.97%.
TJX Companies announced that its board has approved a share repurchase plan on Wednesday, February 27th that authorizes the company to repurchase $2.25 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.
TJX Companies Company Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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