Acropolis Investment Management LLC cut its position in shares of TJX Companies Inc (NYSE:TJX) by 52.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,721 shares of the apparel and home fashions retailer’s stock after selling 21,641 shares during the quarter. Acropolis Investment Management LLC’s holdings in TJX Companies were worth $1,508,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in TJX. Scotia Capital Inc. lifted its stake in TJX Companies by 9.4% during the second quarter. Scotia Capital Inc. now owns 54,407 shares of the apparel and home fashions retailer’s stock worth $3,926,000 after purchasing an additional 4,661 shares during the period. Northern Capital Management LLC lifted its stake in TJX Companies by 34.5% during the third quarter. Northern Capital Management LLC now owns 53,580 shares of the apparel and home fashions retailer’s stock worth $3,950,000 after purchasing an additional 13,750 shares during the period. Tillar Wenstrup Advisors LLC bought a new position in TJX Companies during the third quarter worth about $2,083,000. Gofen & Glossberg LLC IL lifted its stake in TJX Companies by 7.9% during the second quarter. Gofen & Glossberg LLC IL now owns 38,532 shares of the apparel and home fashions retailer’s stock worth $2,781,000 after purchasing an additional 2,835 shares during the period. Finally, Curbstone Financial Management Corp lifted its stake in TJX Companies by 100.0% during the third quarter. Curbstone Financial Management Corp now owns 34,872 shares of the apparel and home fashions retailer’s stock worth $2,571,000 after purchasing an additional 17,436 shares during the period. 90.26% of the stock is currently owned by institutional investors and hedge funds.
TJX Companies Inc (NYSE:TJX) traded up $0.61 during trading hours on Thursday, hitting $76.88. 2,698,139 shares of the stock were exchanged, compared to its average volume of 4,360,000. TJX Companies Inc has a 52 week low of $66.44 and a 52 week high of $80.92. 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 company has a market capitalization of $48,920.00, a PE ratio of 20.78, a P/E/G ratio of 1.85 and a beta of 0.75.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors 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 dividend yield of 1.63%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s dividend payout ratio is currently 33.78%.
TJX has been the subject of a number of analyst reports. Buckingham Research restated a “buy” rating and set a $85.00 price target on shares of TJX Companies in a research note on Thursday, October 19th. Royal Bank of Canada set a $70.00 price target on shares of TJX Companies and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Goldman Sachs Group cut shares of TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price target for the company. in a research note on Tuesday, December 5th. Guggenheim restated a “buy” rating and set a $86.00 price target on shares of TJX Companies in a research note on Friday, December 15th. Finally, Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. TJX Companies currently has an average rating of “Buy” and an average target price of $81.95.
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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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