AGF Investments Inc. increased its holdings in TJX Companies Inc (NYSE:TJX) by 29.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 593,168 shares of the apparel and home fashions retailer’s stock after acquiring an additional 136,010 shares during the quarter. AGF Investments Inc. owned approximately 0.09% of TJX Companies worth $43,734,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Jacobi Capital Management LLC lifted its position in shares of TJX Companies by 12.9% during the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock valued at $133,000 after buying an additional 200 shares during the last quarter. Lenox Wealth Management Inc. acquired a new position in shares of TJX Companies during the second quarter valued at about $141,000. Mosaic Family Wealth LLC increased its holdings in shares of TJX Companies by 7.2% during the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock valued at $144,000 after acquiring an additional 134 shares in the last quarter. Oakworth Capital Inc. increased its holdings in shares of TJX Companies by 10.1% during the second quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock valued at $146,000 after acquiring an additional 185 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of TJX Companies by 4.8% during the second quarter. Parkside Financial Bank & Trust now owns 2,029 shares of the apparel and home fashions retailer’s stock valued at $147,000 after acquiring an additional 93 shares in the last quarter. 90.94% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on the stock. Instinet restated a “buy” rating and set a $80.00 price objective (down previously from $83.00) on shares of TJX Companies in a report on Wednesday, August 16th. MKM Partners reiterated a “buy” rating and issued a $87.00 price target on shares of TJX Companies in a report on Tuesday, September 12th. BMO Capital Markets reiterated an “outperform” rating on shares of TJX Companies in a report on Tuesday, September 12th. Nomura set a $80.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, Goldman Sachs Group downgraded shares of TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price target on the stock. in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $81.53.
TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.00. The company had revenue of $8.76 billion for 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 for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. analysts forecast that TJX Companies Inc will post 3.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.65%. TJX Companies’s payout ratio is currently 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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