MADDEN SECURITIES Corp Acquires New Shares in The TJX Companies, Inc. (NYSE:TJX)

MADDEN SECURITIES Corp acquired a new stake in The TJX Companies, Inc. (NYSE:TJX – Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 829 shares of the apparel and home fashions retailer’s stock, valued at approximately $66,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board bought a new stake in shares of TJX Companies in the first quarter worth about $408,331,000. FMR LLC increased its holdings in shares of TJX Companies by 22.0% in the second quarter. FMR LLC now owns 32,148,799 shares of the apparel and home fashions retailer’s stock worth $1,795,510,000 after acquiring an additional 5,804,572 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of TJX Companies by 25.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 20,320,455 shares of the apparel and home fashions retailer’s stock worth $1,134,897,000 after acquiring an additional 4,081,241 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of TJX Companies in the first quarter worth about $116,429,000. Finally, Third Point LLC bought a new stake in shares of TJX Companies in the third quarter worth about $108,710,000. Institutional investors own 91.30% of the company’s stock.

TJX Companies Stock Performance

TJX opened at $74.48 on Friday. The TJX Companies, Inc. has a 12-month low of $53.69 and a 12-month high of $83.13. The stock has a market cap of $86.06 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.03 and a beta of 0.91. The business has a 50 day moving average of $79.15 and a 200-day moving average of $74.36. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.45.

TJX Companies (NYSE:TJX – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The apparel and home fashions retailer reported $0.89 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.89. TJX Companies had a return on equity of 63.68% and a net margin of 7.00%. The company had revenue of $14.52 billion during the quarter, compared to analysts’ expectations of $14.07 billion. During the same period last year, the firm posted $0.78 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. On average, equities research analysts expect that The TJX Companies, Inc. will post 3.51 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on TJX shares. Cowen increased their price target on TJX Companies from $84.00 to $85.00 in a report on Tuesday, December 6th. Wells Fargo & Company increased their price objective on TJX Companies from $74.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, December 1st. StockNews.com initiated coverage on TJX Companies in a report on Thursday. They set a “buy” rating for the company. JPMorgan Chase & Co. increased their price objective on TJX Companies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, February 6th. Finally, Robert W. Baird increased their price objective on TJX Companies from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 23rd. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $86.07.

TJX Companies Company Profile

(Get Rating)

The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers an assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.