Korea Investment CORP Grows Holdings in TJX Companies Inc (TJX)

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Korea Investment CORP boosted its position in shares of TJX Companies Inc (NYSE:TJX) by 101.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 767,640 shares of the apparel and home fashions retailer’s stock after purchasing an additional 386,770 shares during the period. Korea Investment CORP’s holdings in TJX Companies were worth $34,344,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TJX. BlackRock Inc. increased its holdings in TJX Companies by 113.3% during the 4th quarter. BlackRock Inc. now owns 90,260,028 shares of the apparel and home fashions retailer’s stock worth $4,038,232,000 after purchasing an additional 47,939,993 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in TJX Companies by 13,963.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 26,176,882 shares of the apparel and home fashions retailer’s stock worth $585,000 after purchasing an additional 25,990,744 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in TJX Companies by 77.9% during the 4th quarter. Bank of New York Mellon Corp now owns 33,050,653 shares of the apparel and home fashions retailer’s stock worth $1,478,686,000 after purchasing an additional 14,469,980 shares in the last quarter. Northern Trust Corp increased its holdings in TJX Companies by 110.6% during the 4th quarter. Northern Trust Corp now owns 17,690,380 shares of the apparel and home fashions retailer’s stock worth $791,468,000 after purchasing an additional 9,291,759 shares in the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt increased its holdings in TJX Companies by 90.8% during the 4th quarter. Alecta Pensionsforsakring Omsesidigt now owns 15,135,076 shares of the apparel and home fashions retailer’s stock worth $662,916,000 after purchasing an additional 7,202,538 shares in the last quarter. Hedge funds and other institutional investors own 88.61% of the company’s stock.

In related news, Director Amy B. Lane sold 1,000 shares of TJX Companies stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $51.79, for a total transaction of $51,790.00. Following the completion of the transaction, the director now owns 31,092 shares in the company, valued at $1,610,254.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

TJX Companies stock opened at $52.34 on Friday. TJX Companies Inc has a 52 week low of $39.86 and a 52 week high of $56.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.53 and a quick ratio of 0.70. The stock has a market cap of $64.54 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 1.85 and a beta of 0.66.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 EPS for the quarter, hitting analysts’ consensus estimates of $0.68. TJX Companies had a return on equity of 57.42% and a net margin of 7.85%. The business had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.01 billion. During the same quarter last year, the company posted $1.30 earnings per share. TJX Companies’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts predict that TJX Companies Inc will post 2.61 EPS for the current year.

TJX Companies declared that its board has approved a share repurchase program on Wednesday, February 27th that allows the company to buyback $2.25 billion in shares. This buyback authorization allows the apparel and home fashions retailer to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

TJX has been the subject of several analyst reports. Cfra upgraded TJX Companies to a “buy” rating and set a $60.00 price objective for the company in a report on Thursday, February 28th. MKM Partners raised their price objective on TJX Companies from $58.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, February 28th. Argus upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Thursday, November 29th. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Monday, January 28th. Finally, ValuEngine upgraded TJX Companies from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the stock. TJX Companies currently has an average rating of “Buy” and an average target price of $55.06.

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About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall d├ęcor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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

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