Pinebridge Investments L.P. Grows Stake in TJX Companies Inc (TJX)

Pinebridge Investments L.P. raised its holdings in shares of TJX Companies Inc (NYSE:TJX) by 42.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,885 shares of the apparel and home fashions retailer’s stock after buying an additional 58,103 shares during the quarter. Pinebridge Investments L.P.’s holdings in TJX Companies were worth $14,824,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. First Allied Advisory Services Inc. grew its holdings in shares of TJX Companies by 20.9% during the fourth quarter. First Allied Advisory Services Inc. now owns 12,944 shares of the apparel and home fashions retailer’s stock worth $993,000 after buying an additional 2,240 shares in the last quarter. MUFG Americas Holdings Corp grew its holdings in shares of TJX Companies by 3.8% in the fourth quarter. MUFG Americas Holdings Corp now owns 109,415 shares of the apparel and home fashions retailer’s stock valued at $8,366,000 after purchasing an additional 4,005 shares during the period. D.A. Davidson & CO. grew its holdings in shares of TJX Companies by 5.8% in the fourth quarter. D.A. Davidson & CO. now owns 65,051 shares of the apparel and home fashions retailer’s stock valued at $4,974,000 after purchasing an additional 3,547 shares during the period. Independence Bank of Kentucky purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $546,000. Finally, Advisory Services Network LLC grew its holdings in shares of TJX Companies by 91.0% in the fourth quarter. Advisory Services Network LLC now owns 18,797 shares of the apparel and home fashions retailer’s stock valued at $1,437,000 after purchasing an additional 8,954 shares during the period. 90.37% of the stock is owned by institutional investors and hedge funds.

TJX Companies Inc (NYSE:TJX) opened at $76.57 on Thursday. TJX Companies Inc has a 1 year low of $66.44 and a 1 year high of $81.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. The company has a market cap of $48,720.00, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.62 and a beta of 0.73.

TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting 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 company had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.86 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. TJX Companies’s revenue for the quarter was up 5.7% compared to the same quarter last year. equities research analysts forecast that TJX Companies Inc will post 3.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a $0.3125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a yield of 1.63%. TJX Companies’s payout ratio is currently 33.78%.

A number of equities research analysts recently issued reports on TJX shares. Buckingham Research reissued a “buy” rating and issued a $85.00 price objective on shares of TJX Companies in a report on Thursday, October 19th. Wells Fargo & Co lowered shares of TJX Companies from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $76.00 to $72.00 in a report on Wednesday, January 3rd. Guggenheim reissued a “buy” rating and issued a $86.00 price objective on shares of TJX Companies in a report on Friday, December 15th. Goldman Sachs Group lowered shares of TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price objective for the company. in a report on Tuesday, December 5th. Finally, Royal Bank of Canada set a $70.00 price objective on shares of TJX Companies and gave the company an “outperform” rating in a report on Tuesday, November 14th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $82.00.

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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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