Aureus Asset Management LLC Has $11.04 Million Stake in TJX Companies Inc (TJX)
Aureus Asset Management LLC lifted its stake in shares of TJX Companies Inc (NYSE:TJX) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,755 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,173 shares during the quarter. Aureus Asset Management LLC’s holdings in TJX Companies were worth $11,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Jacobi Capital Management LLC raised its position in shares of TJX Companies by 12.9% during the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after acquiring an additional 200 shares during the last quarter. Lenox Wealth Management Inc. bought a new stake in TJX Companies in the second quarter worth approximately $141,000. Mosaic Family Wealth LLC increased its holdings in TJX Companies by 7.2% in the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock worth $144,000 after purchasing an additional 134 shares in the last quarter. Oakworth Capital Inc. increased its holdings in TJX Companies by 10.1% in the second quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock worth $146,000 after purchasing an additional 185 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in TJX Companies by 4.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,029 shares of the apparel and home fashions retailer’s stock worth $147,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 90.94% of the company’s stock.
TJX has been the subject of a number of research analyst reports. Buckingham Research reiterated a “buy” rating and issued a $85.00 target price on shares of TJX Companies in a report on Thursday, October 19th. Royal Bank Of Canada set a $70.00 target price on TJX Companies and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Northcoast Research upgraded TJX Companies from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a report on Thursday, September 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Tuesday, October 10th. Finally, Sanford C. Bernstein initiated coverage on TJX Companies in a report on Tuesday, September 12th. They issued an “outperform” rating and a $88.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $81.53.
TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The firm had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 earnings per share. equities analysts expect that TJX Companies Inc will post 3.93 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 9th were given a dividend of $0.3125 per share. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.64%. TJX Companies’s payout ratio is 33.78%.
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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