California Public Employees Retirement System Increases Stake in TJX Companies Inc (TJX)
California Public Employees Retirement System lifted its position in TJX Companies Inc (NYSE:TJX) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,708,281 shares of the apparel and home fashions retailer’s stock after acquiring an additional 69,577 shares during the period. California Public Employees Retirement System owned 0.27% of TJX Companies worth $125,952,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. increased its position in TJX Companies by 24.2% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 55,077 shares of the apparel and home fashions retailer’s stock valued at $4,061,000 after buying an additional 10,737 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in TJX Companies by 23.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 31,796 shares of the apparel and home fashions retailer’s stock valued at $2,344,000 after buying an additional 6,049 shares in the last quarter. Beacon Investment Advisory Services Inc. bought a new position in TJX Companies during the 3rd quarter valued at approximately $7,534,000. Patten Group Inc. increased its position in TJX Companies by 1,285.0% during the 3rd quarter. Patten Group Inc. now owns 137,595 shares of the apparel and home fashions retailer’s stock valued at $718,000 after buying an additional 127,660 shares in the last quarter. Finally, Zions Bancorporation increased its position in 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 valued at $100,000 after buying an additional 883 shares in the last quarter. 90.94% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the company. Goldman Sachs Group lowered TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price objective for the company. in a research report on Tuesday, December 5th. Citigroup reduced their target price on TJX Companies from $88.00 to $81.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Wells Fargo & Company set a $76.00 target price on TJX Companies and gave the stock a “buy” rating in a report on Tuesday, November 14th. Instinet reissued a “buy” rating and issued a $80.00 target price (down previously from $83.00) on shares of TJX Companies in a report on Wednesday, August 16th. Finally, MKM Partners reissued a “buy” rating and issued a $87.00 target price on shares of TJX Companies in a report on Tuesday, September 12th. One 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 currently has an average rating of “Buy” and an average price target of $81.53.
TJX Companies (NYSE:TJX) last released 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 the Zacks’ consensus estimate of $1.00. The firm had revenue of $8.76 billion for 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 revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. sell-side analysts expect that TJX Companies Inc will post 3.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a $0.3125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.69%. TJX Companies’s dividend payout ratio (DPR) is currently 33.78%.
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TJX Companies Company Profile
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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