Advisory Services Network LLC raised its position in shares of TJX Companies Inc (NYSE:TJX) by 14.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,404 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,771 shares during the period. Advisory Services Network LLC’s holdings in TJX Companies were worth $2,510,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation bought a new position in shares of TJX Companies in the third quarter worth $244,000. Meeder Asset Management Inc. boosted its holdings in shares of TJX Companies by 394.5% in the third quarter. Meeder Asset Management Inc. now owns 86,971 shares of the apparel and home fashions retailer’s stock worth $9,742,000 after acquiring an additional 69,385 shares during the period. Commerce Bank boosted its holdings in shares of TJX Companies by 1.6% in the third quarter. Commerce Bank now owns 53,714 shares of the apparel and home fashions retailer’s stock worth $6,017,000 after acquiring an additional 833 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of TJX Companies by 1.4% in the third quarter. Wells Fargo & Company MN now owns 5,766,367 shares of the apparel and home fashions retailer’s stock worth $645,949,000 after acquiring an additional 79,223 shares during the period. Finally, Ashfield Capital Partners LLC boosted its holdings in shares of TJX Companies by 10.6% in the third quarter. Ashfield Capital Partners LLC now owns 27,184 shares of the apparel and home fashions retailer’s stock worth $3,045,000 after acquiring an additional 2,603 shares during the period. 90.12% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the company. Citigroup raised their price target on TJX Companies from $96.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Cowen reaffirmed a “buy” rating and issued a $114.00 price target on shares of TJX Companies in a report on Tuesday, July 31st. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a report on Wednesday, July 18th. Loop Capital reaffirmed a “hold” rating and issued a $105.00 price target on shares of TJX Companies in a report on Tuesday, August 21st. Finally, Wells Fargo & Co raised their price target on TJX Companies from $83.00 to $112.00 and gave the stock a “market perform” rating in a report on Wednesday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $108.12.
NYSE:TJX opened at $110.28 on Tuesday. The firm 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. TJX Companies Inc has a 52-week low of $66.44 and a 52-week high of $113.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77.
TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.12. The company had revenue of $9.33 billion during the quarter, compared to analyst estimates of $8.99 billion. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the company earned $0.85 earnings per share. Equities research analysts anticipate that TJX Companies Inc will post 4.92 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s dividend payout ratio is 38.61%.
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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, 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.
Read More: Earnings Per Share (EPS)
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