TJX Companies Inc (TJX) Shares Bought by Marathon Asset Management LLP

Marathon Asset Management LLP increased its stake in shares of TJX Companies Inc (NYSE:TJX) by 27.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 487,210 shares of the apparel and home fashions retailer’s stock after buying an additional 104,444 shares during the period. Marathon Asset Management LLP owned 0.08% of TJX Companies worth $37,251,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Zions Bancorporation boosted its holdings in shares of 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. bought a new stake in shares of TJX Companies during the 2nd quarter worth about $141,000. Highlander Capital Management LLC boosted its holdings in shares of 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. Jacobi Capital Management LLC boosted its holdings in shares of 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, FTB Advisors Inc. boosted its holdings in shares of TJX Companies by 1.6% during the 2nd quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock worth $159,000 after buying an additional 36 shares during the period. 90.40% of the stock is owned by institutional investors and hedge funds.

Several analysts recently commented on the stock. Jefferies Group reaffirmed a “hold” rating and set a $75.00 target price on shares of TJX Companies in a report on Thursday, September 28th. Nomura reaffirmed a “buy” rating and set a $87.00 target price (up previously from $75.00) on shares of TJX Companies in a report on Wednesday. Goldman Sachs Group set a $79.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Wednesday, November 15th. Citigroup cut their price objective on shares of TJX Companies from $88.00 to $81.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Finally, BMO Capital Markets set a $85.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report 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 issued a buy rating to the stock. TJX Companies has a consensus rating of “Buy” and a consensus price target of $82.55.

Shares of TJX Companies Inc (NYSE TJX) opened at $76.58 on Thursday. 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 cap of $48,428.05, a PE ratio of 20.70, a price-to-earnings-growth ratio of 1.83 and a beta of 0.75. TJX Companies Inc has a twelve month low of $66.44 and a twelve month high of $80.92.

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

The company also recently announced 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 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 presently 33.78%.

ILLEGAL ACTIVITY WARNING: “TJX Companies Inc (TJX) Shares Bought by Marathon Asset Management LLP” was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://stocknewstimes.com/2018/01/18/tjx-companies-inc-tjx-shares-bought-by-marathon-asset-management-llp.html.

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.

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

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply