TJX Companies Inc (TJX) Stake Boosted by Greenleaf Trust
Greenleaf Trust lifted its stake in shares of TJX Companies Inc (NYSE:TJX) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 77,139 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,915 shares during the quarter. Greenleaf Trust’s holdings in TJX Companies were worth $5,898,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Zions Bancorporation grew its stake 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 purchasing an additional 883 shares during the period. Lenox Wealth Management Inc. acquired a new position in shares of TJX Companies during the 2nd quarter worth $141,000. Highlander Capital Management LLC grew its stake in TJX Companies by 31.3% in the 2nd quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock valued at $150,000 after acquiring an additional 500 shares during the last quarter. FTB Advisors Inc. grew its stake in TJX Companies by 1.6% in the 2nd quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock valued at $159,000 after acquiring an additional 36 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC acquired a new stake in TJX Companies in the 4th quarter valued at about $203,000. 90.37% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on TJX shares. Buckingham Research reissued a “buy” rating and issued a $85.00 price objective on shares of TJX Companies in a research note on Thursday, October 19th. Wells Fargo & Co cut shares of TJX Companies from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $76.00 to $72.00 in a research note on Wednesday, January 3rd. Guggenheim reissued a “buy” rating and issued a $86.00 price objective on shares of TJX Companies in a research note on Friday, December 15th. Goldman Sachs Group cut shares of TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price objective on the stock. in a research note 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 research note on Tuesday, November 14th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. TJX Companies presently has a consensus rating of “Buy” and an average price target of $82.00.
TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.00. The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. equities research analysts predict that TJX Companies Inc will post 3.93 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued 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 1.65%. TJX Companies’s dividend payout ratio (DPR) is 33.78%.
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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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