Hartland & Co. LLC Reduces Position in TJX Companies Inc (TJX)

Hartland & Co. LLC reduced its holdings in TJX Companies Inc (NYSE:TJX) by 18.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,302 shares of the apparel and home fashions retailer’s stock after selling 1,460 shares during the period. Hartland & Co. LLC’s holdings in TJX Companies were worth $465,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its position in TJX Companies by 1,980.9% in the first quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock valued at $3,303,255,000 after purchasing an additional 39,763,685 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of TJX Companies by 278.1% in the 2nd quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock valued at $490,110,000 after acquiring an additional 4,994,846 shares during the period. Flossbach Von Storch AG grew its position in shares of TJX Companies by 265.0% in the 2nd quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock valued at $299,651,000 after acquiring an additional 3,014,430 shares during the period. Boston Partners grew its position in shares of TJX Companies by 1,038.6% in the 2nd quarter. Boston Partners now owns 3,067,319 shares of the apparel and home fashions retailer’s stock valued at $221,369,000 after acquiring an additional 2,797,917 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of TJX Companies by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock valued at $3,725,322,000 after acquiring an additional 2,336,495 shares during the period. Institutional investors own 90.94% of the company’s stock.

Shares of TJX Companies Inc (NYSE:TJX) traded down $1.40 during trading on Wednesday, hitting $75.60. 6,820,400 shares of the company traded hands, compared to its average volume of 4,213,672. The company has a market cap of $48,687.30, a price-to-earnings ratio of 20.81, a PEG ratio of 1.85 and a beta of 0.75. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. TJX Companies Inc has a 12 month low of $66.44 and a 12 month high of $80.92.

TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.00. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. During the same period in the previous year, the firm posted $0.91 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. equities research analysts predict that TJX Companies Inc will post 3.93 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.65%. TJX Companies’s payout ratio is 33.78%.

Several analysts recently commented on the stock. Jefferies Group set a $75.00 target price on shares of TJX Companies and gave the stock a “hold” rating in a report on Tuesday, August 15th. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Wednesday, August 9th. Nomura set a $80.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Instinet reiterated a “buy” rating and issued a $80.00 price objective (down previously from $83.00) on shares of TJX Companies in a research note on Wednesday, August 16th. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $90.00 price objective (down previously from $97.00) on shares of TJX Companies in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. TJX Companies has a consensus rating of “Buy” and a consensus price target of $81.53.

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TJX Companies 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.

Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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