Burney Co. lifted its stake in TJX Companies Inc (NYSE:TJX) by 7.3% during the fourth quarter, HoldingsChannel reports. The firm owned 225,727 shares of the apparel and home fashions retailer’s stock after purchasing an additional 15,393 shares during the quarter. TJX Companies makes up about 1.0% of Burney Co.’s portfolio, making the stock its 19th largest holding. Burney Co.’s holdings in TJX Companies were worth $17,259,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of TJX. Northern Capital Management LLC lifted its position in TJX Companies by 34.5% in the 3rd quarter. Northern Capital Management LLC now owns 53,580 shares of the apparel and home fashions retailer’s stock valued at $3,950,000 after acquiring an additional 13,750 shares in the last quarter. Tillar Wenstrup Advisors LLC purchased a new stake in TJX Companies during the 3rd quarter valued at $2,083,000. Prudential Financial Inc. raised its stake in TJX Companies by 1.4% during the 3rd quarter. Prudential Financial Inc. now owns 920,331 shares of the apparel and home fashions retailer’s stock valued at $67,856,000 after buying an additional 12,530 shares during the last quarter. Fort Pitt Capital Group LLC raised its stake in TJX Companies by 54.4% during the 3rd quarter. Fort Pitt Capital Group LLC now owns 4,823 shares of the apparel and home fashions retailer’s stock valued at $356,000 after buying an additional 1,699 shares during the last quarter. Finally, Lenox Wealth Management Inc. raised its stake in TJX Companies by 75.1% during the 3rd quarter. Lenox Wealth Management Inc. now owns 3,427 shares of the apparel and home fashions retailer’s stock valued at $252,000 after buying an additional 1,470 shares during the last quarter. 89.67% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on TJX. Nomura set a $87.00 price objective on TJX Companies and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Co set a $76.00 price objective on TJX Companies and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Goldman Sachs Group set a $79.00 price objective on TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Morgan Stanley reduced their price objective on TJX Companies from $86.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, November 15th. Finally, Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Saturday, January 20th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. TJX Companies presently has an average rating of “Buy” and an average price target of $81.94.
TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.03. The company had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.75 billion. TJX Companies had a net margin of 7.32% and a return on equity of 56.01%. TJX Companies’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. analysts expect that TJX Companies Inc will post 3.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, February 14th. TJX Companies’s dividend payout ratio 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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