Pinnacle Associates Ltd. decreased its holdings in TJX Companies Inc (NYSE:TJX) by 26.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,639 shares of the apparel and home fashions retailer’s stock after selling 3,509 shares during the period. Pinnacle Associates Ltd.’s holdings in TJX Companies were worth $711,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Jacobi Capital Management LLC increased its position in shares of TJX Companies by 12.9% during the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after purchasing an additional 200 shares in the last quarter. Lenox Wealth Management Inc. acquired a new position in shares of TJX Companies during the second quarter worth $141,000. Mosaic Family Wealth LLC increased its position in shares of TJX Companies by 7.2% during the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock worth $144,000 after purchasing an additional 134 shares in the last quarter. Oakworth Capital Inc. increased its position in shares of TJX Companies by 10.1% during the second quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock worth $146,000 after purchasing an additional 185 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of TJX Companies by 4.8% during the second quarter. Parkside Financial Bank & Trust now owns 2,029 shares of the apparel and home fashions retailer’s stock worth $147,000 after purchasing an additional 93 shares in the last quarter. 90.94% of the stock is owned by institutional investors.
TJX Companies Inc (NYSE:TJX) traded down $1.00 during trading hours on Tuesday, reaching $76.00. 2,906,073 shares of the company’s stock traded hands, compared to its average volume of 4,202,484. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. TJX Companies Inc has a one year low of $66.44 and a one year high of $80.92. The stock has a market capitalization of $47,644.00, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.81 and a beta of 0.75.
TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $8.86 billion. During the same period in the prior year, the company posted $0.91 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. research analysts predict that TJX Companies Inc will post 3.93 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th were paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Wednesday, November 8th. TJX Companies’s payout ratio is currently 33.78%.
Several equities analysts recently issued reports on TJX shares. Buckingham Research reissued a “buy” rating and issued a $85.00 target price on shares of TJX Companies in a research report on Thursday, October 19th. Zacks Investment Research downgraded TJX Companies from a “buy” rating to a “sell” rating in a research report on Monday, November 13th. Royal Bank Of Canada set a $76.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Monday, October 30th. Citigroup cut their target price on TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Finally, BMO Capital Markets set a $85.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $81.53.
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About TJX Companies
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.
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