TJX Companies, Inc. (The) (NYSE:TJX).
Vontobel Asset Management Inc reports that it increased its stake in TJX Companies, Inc. (The) stock by 23.5% as of the end of the last quarter. Its position was valued at $156,730,000 an increase of $16,205,000 according to the filing.
These firms have also modified their investment in TJX. As of the end of the quarter Gateway Investment Advisers LLC had sold a total of 18,990 shares trimming its holdings by 4.3%. The value of the company’s investment in TJX Companies, Inc. (The) went from $34,974,000 to $30,547,000 a change of 12.7% since the last quarter. As of quarter end Narwhal Capital Management had acquired 20,600 shares growing its position 247.4%. The value of the investment in TJX increased from $658,000 to $2,088,000 increasing 217.3% for the reporting period.
Pennsylvania Trust Co cut its position by shedding 692 shares a decrease of 4.1% in the quarter. Pennsylvania Trust Co now holds 16,207 shares worth $1,170,000. The value of the position overall is down by 12.4%.
On May 17 the stock rating was upgraded to “Overweight” from “Equal-weight” in an announcement from Morgan Stanley. On September 30, 2016 Guggenheim Securities starting coverage on TJX by announcing an initial rating of “Buy”.
August 17 investment analysts at Wedbush made no change to the company rating of “Outperform” and raised the price expectation from $63.00 to $84.00. On March 4, 2016 the stock rating was rated “Neutral” in a report from Citigroup which is down from the previous “Buy” rating.
On February 25 Cowen & Company maintained a company rating of “Outperform” but raised the price expectation to $85.00 from $75.00. On February 25 Deutsche Bank kept the stock rating at “Buy” but lowered the price target to $82.00 from $83.00.
The company is trading up from yesterday’s close of $68.62. Additionally the company recently declared a dividend for shareholders to be paid on Thursday the 31st of August 2017. The dividend payment will be $0.313 per share for the quarter which comes to $1.25 on an annualized basis. This dividend represents a yield of $1.78. The ex-dividend date will be Tuesday the 9th of May 2017.
It is currently trading at $68.81 a tad under the 50 day moving average of $73.56 and which is a tad under the 200 day moving average of $76.31. The 50 day moving average was down $-4.59 and the 200 day average was down $-7.34.
The company’s P/E ratio is 19.58 and the market value is 44.37B. In the latest earnings report the EPS was $3.52 and is expected to be $3.89 for the current year with 643,276,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $1.00 and the next full year EPS is projected to be $4.22.