Neuberger Berman Group LLC decreased its holdings in shares of TJX Companies Inc (NYSE:TJX) by 17.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 257,886 shares of the apparel and home fashions retailer’s stock after selling 53,556 shares during the period. Neuberger Berman Group LLC’s holdings in TJX Companies were worth $19,014,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Griffin Asset Management Inc. grew its position in shares of TJX Companies by 203.8% in the 3rd quarter. Griffin Asset Management Inc. now owns 44,551 shares of the apparel and home fashions retailer’s stock worth $3,285,000 after buying an additional 29,885 shares during the last quarter. California Public Employees Retirement System grew its position in shares of TJX Companies by 4.2% in the 3rd quarter. California Public Employees Retirement System now owns 1,708,281 shares of the apparel and home fashions retailer’s stock worth $125,952,000 after buying an additional 69,577 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of TJX Companies by 24.2% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 55,077 shares of the apparel and home fashions retailer’s stock worth $4,061,000 after buying an additional 10,737 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in shares of TJX Companies by 23.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 31,796 shares of the apparel and home fashions retailer’s stock worth $2,344,000 after buying an additional 6,049 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. purchased a new position in shares of TJX Companies in the 3rd quarter worth approximately $7,534,000. 90.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of TJX Companies Inc (TJX) opened at $76.25 on Friday. The company has a market cap of $48,244.69, a P/E ratio of 20.61, a P/E/G ratio of 1.83 and a beta of 0.75. 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 12 month low of $66.44 and a 12 month high of $80.92.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting the consensus estimate of $1.00. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. During the same period in the previous year, the business posted $0.91 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. analysts anticipate that TJX Companies Inc will post 3.92 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, February 14th. TJX Companies’s payout ratio is 33.78%.

A number of research analysts have recently issued reports on TJX shares. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Tuesday, October 10th. Nomura cut their price objective on shares of TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Morgan Stanley lowered their target price on shares of TJX Companies from $86.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, November 15th. Royal Bank of Canada set a $70.00 target price on shares of TJX Companies and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Finally, Jefferies Group reiterated a “hold” rating and issued a $75.00 target price on shares of TJX Companies in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company. TJX Companies currently has a consensus rating of “Buy” and a consensus target price of $82.15.

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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.

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

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