TJX Companies Inc (TJX) Stake Boosted by American Century Companies Inc.

TJX Companies Inc (TJX) Stake Boosted by American Century Companies Inc.

American Century Companies Inc. raised its position in TJX Companies Inc (NYSE:TJX) by 12.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,617,025 shares of the apparel and home fashions retailer’s stock after purchasing an additional 740,409 shares during the quarter. TJX Companies comprises 0.7% of American Century Companies Inc.’s investment portfolio, making the stock its 17th biggest position. American Century Companies Inc. owned 1.07% of TJX Companies worth $741,239,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Weybosset Research & Management LLC lifted its holdings in shares of TJX Companies by 0.6% in the 3rd quarter. Weybosset Research & Management LLC now owns 75,751 shares of the apparel and home fashions retailer’s stock worth $8,486,000 after acquiring an additional 478 shares during the last quarter. Waverton Investment Management Ltd lifted its holdings in shares of TJX Companies by 3.7% in the 2nd quarter. Waverton Investment Management Ltd now owns 13,927 shares of the apparel and home fashions retailer’s stock worth $1,326,000 after acquiring an additional 501 shares during the last quarter. Martingale Asset Management L P lifted its holdings in shares of TJX Companies by 10.5% in the 2nd quarter. Martingale Asset Management L P now owns 5,318 shares of the apparel and home fashions retailer’s stock worth $507,000 after acquiring an additional 506 shares during the last quarter. Tdam USA Inc. lifted its holdings in shares of TJX Companies by 0.5% in the 3rd quarter. Tdam USA Inc. now owns 114,664 shares of the apparel and home fashions retailer’s stock worth $11,394,000 after acquiring an additional 525 shares during the last quarter. Finally, Reilly Herbert Faulkner III lifted its holdings in shares of TJX Companies by 0.9% in the 2nd quarter. Reilly Herbert Faulkner III now owns 61,505 shares of the apparel and home fashions retailer’s stock worth $5,854,000 after acquiring an additional 536 shares during the last quarter. Institutional investors own 90.12% of the company’s stock.

Shares of TJX opened at $110.28 on Tuesday. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $113.28. The company has a market cap of $67.75 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 2.04 and a beta of 0.65. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.12. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The company had revenue of $9.33 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the prior year, the firm posted $0.85 EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, research analysts forecast that TJX Companies Inc will post 4.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Wednesday, November 14th. TJX Companies’s dividend payout ratio is presently 38.61%.

Several brokerages have recently commented on TJX. Morgan Stanley upped their price objective on shares of TJX Companies from $99.00 to $119.00 and gave the stock an “overweight” rating in a report on Thursday, August 23rd. MKM Partners set a $120.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Royal Bank of Canada upped their price objective on shares of TJX Companies to $114.00 and gave the stock an “outperform” rating in a report on Wednesday, August 22nd. Wells Fargo & Co upped their target price on shares of TJX Companies from $83.00 to $112.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 22nd. Finally, Goldman Sachs Group initiated coverage on shares of TJX Companies in a research note on Monday, September 3rd. They set a “buy” rating and a $126.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $108.12.

TJX Companies Company Profile

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 décor, 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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