Alyeska Investment Group L.P. Has $95.99 Million Position in TJX Companies Inc (TJX)

Alyeska Investment Group L.P. lessened its position in TJX Companies Inc (NYSE:TJX) by 15.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,301,944 shares of the apparel and home fashions retailer’s stock after selling 246,783 shares during the period. Alyeska Investment Group L.P. owned approximately 0.20% of TJX Companies worth $95,992,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TJX. Scotia Capital Inc. grew its position in TJX Companies by 9.4% in the 2nd quarter. Scotia Capital Inc. now owns 54,407 shares of the apparel and home fashions retailer’s stock valued at $3,926,000 after buying an additional 4,661 shares in the last quarter. Northern Capital Management LLC grew its position in TJX Companies by 34.5% in the 3rd quarter. Northern Capital Management LLC now owns 53,580 shares of the apparel and home fashions retailer’s stock valued at $3,950,000 after buying an additional 13,750 shares in the last quarter. Tillar Wenstrup Advisors LLC bought a new position in TJX Companies in the 3rd quarter valued at about $2,083,000. Gofen & Glossberg LLC IL grew its position in TJX Companies by 7.9% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 38,532 shares of the apparel and home fashions retailer’s stock valued at $2,781,000 after buying an additional 2,835 shares in the last quarter. Finally, Curbstone Financial Management Corp grew its position in TJX Companies by 100.0% in the 3rd quarter. Curbstone Financial Management Corp now owns 34,872 shares of the apparel and home fashions retailer’s stock valued at $2,571,000 after buying an additional 17,436 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Inc (NYSE:TJX) traded up $0.04 during midday trading on Friday, hitting $73.88. 4,756,564 shares of the stock were exchanged, compared to its average volume of 5,986,033. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $46,689.22, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.77 and a beta of 0.75. TJX Companies Inc has a 1-year low of $66.44 and a 1-year high of $80.92.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, February 14th. TJX Companies’s dividend payout ratio (DPR) is 33.78%.

Several equities analysts have recently weighed in on TJX shares. Royal Bank Of Canada reduced their price objective on shares of TJX Companies from $79.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, August 16th. Goldman Sachs Group restated a “buy” rating and set a $90.00 price objective (down previously from $97.00) on shares of TJX Companies in a research report on Wednesday, August 16th. Jefferies Group set a $75.00 price objective on shares of TJX Companies and gave the company a “hold” rating in a research report on Tuesday, August 15th. Credit Suisse Group restated a “neutral” rating and set a $74.00 price objective (up previously from $72.00) on shares of TJX Companies in a research report on Wednesday, August 16th. Finally, Nomura set a $80.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the stock. TJX Companies has an average rating of “Buy” and an average price target of $81.53.

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

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