Two Sigma Investments LP Has $146.48 Million Position in TJX Companies Inc (NYSE:TJX)

Two Sigma Investments LP lifted its position in TJX Companies Inc (NYSE:TJX) by 103.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,273,919 shares of the apparel and home fashions retailer’s stock after buying an additional 1,664,843 shares during the period. TJX Companies comprises 0.6% of Two Sigma Investments LP’s holdings, making the stock its 14th largest position. Two Sigma Investments LP owned 0.27% of TJX Companies worth $146,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in shares of TJX Companies by 104.1% in the 3rd quarter. Janus Henderson Group PLC now owns 512,073 shares of the apparel and home fashions retailer’s stock valued at $57,360,000 after buying an additional 261,237 shares during the period. Virtu Financial LLC purchased a new stake in TJX Companies during the third quarter worth approximately $1,414,000. Dimensional Fund Advisors LP lifted its stake in TJX Companies by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,820,044 shares of the apparel and home fashions retailer’s stock worth $203,877,000 after purchasing an additional 39,630 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in TJX Companies by 2,196.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 148,100 shares of the apparel and home fashions retailer’s stock worth $16,590,000 after purchasing an additional 141,650 shares during the last quarter. Finally, Bridgeway Capital Management Inc. purchased a new stake in TJX Companies during the third quarter worth approximately $2,128,000. Institutional investors and hedge funds own 91.26% of the company’s stock.

Shares of NYSE:TJX traded up $0.06 during trading on Friday, reaching $55.12. The company had a trading volume of 3,577,233 shares, compared to its average volume of 4,832,045. The firm has a market cap of $66.95 billion, a P/E ratio of 26.12, a PEG ratio of 1.94 and a beta of 0.66. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. TJX Companies Inc has a fifty-two week low of $40.65 and a fifty-two week high of $56.64.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 27th. The apparel and home fashions retailer reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.09). The company had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.01 billion. TJX Companies had a net margin of 7.85% and a return on equity of 57.42%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 EPS. Research analysts forecast that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.20. TJX Companies’s dividend payout ratio is currently 36.97%.

TJX Companies announced that its board has approved a share buyback program on Wednesday, February 27th that permits the company to buyback $2.25 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to purchase up to 3.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Several research firms recently weighed in on TJX. Argus boosted their target price on TJX Companies to $62.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Loop Capital boosted their target price on TJX Companies from $47.00 to $50.00 and gave the stock a “hold” rating in a research note on Wednesday, February 27th. MKM Partners boosted their target price on TJX Companies from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, February 28th. Morgan Stanley boosted their target price on TJX Companies from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, February 28th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $62.00 price target (up previously from $56.00) on shares of TJX Companies in a research report on Thursday, February 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $55.34.

In other TJX Companies news, EVP Richard Sherr sold 43,000 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $54.08, for a total transaction of $2,325,440.00. Following the sale, the executive vice president now directly owns 118,708 shares in the company, valued at $6,419,728.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Scott Goldenberg sold 37,248 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $53.90, for a total value of $2,007,667.20. Following the sale, the chief financial officer now owns 195,712 shares in the company, valued at $10,548,876.80. The disclosure for this sale can be found here. Insiders have sold 84,498 shares of company stock worth $4,558,772 in the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: “Two Sigma Investments LP Has $146.48 Million Position in TJX Companies Inc (NYSE:TJX)” was posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at https://www.baseballdailydigest.com/news/2019/04/21/two-sigma-investments-lp-has-146-48-million-position-in-tjx-companies-inc-tjx.html.

TJX Companies 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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

See Also: Compound Annual Growth Rate (CAGR)

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

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.