TJX Companies Inc (TJX) Position Trimmed by Coastline Trust Co

Coastline Trust Co reduced its position in TJX Companies Inc (NYSE:TJX) by 20.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,705 shares of the apparel and home fashions retailer’s stock after selling 2,170 shares during the period. Coastline Trust Co’s holdings in TJX Companies were worth $665,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation raised its position in TJX Companies by 185.9% in 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. purchased a new stake in TJX Companies in the 2nd quarter worth about $141,000. Highlander Capital Management LLC raised its position 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 worth $150,000 after purchasing an additional 500 shares during the period. Jacobi Capital Management LLC raised its position in TJX Companies by 20.2% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,101 shares of the apparel and home fashions retailer’s stock worth $144,000 after purchasing an additional 353 shares during the period. Finally, FTB Advisors Inc. raised its position 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 worth $159,000 after purchasing an additional 36 shares during the period. 90.40% of the stock is currently owned by institutional investors.

TJX Companies Inc (TJX) opened at $76.58 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. TJX Companies Inc has a one year low of $66.44 and a one year high of $80.92. The company has a market cap of $48,730.00, a PE ratio of 20.70, a price-to-earnings-growth ratio of 1.88 and a beta of 0.75.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.86 billion. During the same period last year, the firm earned $0.91 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. sell-side analysts anticipate that TJX Companies Inc will post 3.93 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.63%. TJX Companies’s dividend payout ratio is presently 33.78%.

A number of analysts recently weighed in on the stock. Goldman Sachs Group lowered 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 report on Tuesday, December 5th. Wells Fargo & Co downgraded shares of TJX Companies from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $76.00 to $72.00 in a research note on Wednesday, January 3rd. Nomura restated a “buy” rating and issued a $87.00 target price (up from $75.00) on shares of TJX Companies in a research note on Wednesday. Jefferies Group restated a “hold” rating and issued a $75.00 target price on shares of TJX Companies in a research note on Thursday, September 28th. Finally, Cowen set a $88.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $82.55.

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TJX Companies 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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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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