GWM Advisors LLC acquired a new position in TJX Companies Inc (NYSE:TJX) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,045 shares of the apparel and home fashions retailer’s stock, valued at approximately $229,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Advisors Inc. grew its stake in shares of TJX Companies by 280.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock worth $106,000 after purchasing an additional 821 shares during the last quarter. Icon Wealth Partners LLC acquired a new position in shares of TJX Companies in the 2nd quarter worth approximately $106,000. North Star Investment Management Corp. acquired a new position in shares of TJX Companies in the 2nd quarter worth approximately $114,000. City Holding Co. acquired a new position in shares of TJX Companies in the 2nd quarter worth approximately $114,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of TJX Companies in the 3rd quarter worth approximately $114,000. 90.12% of the stock is currently owned by institutional investors.
TJX stock opened at $109.55 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. The company has a market cap of $67.75 billion, a P/E ratio of 27.12, a P/E/G 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.
TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.52 by $0.06. The business had revenue of $9.33 billion during the quarter, compared to analysts’ expectations of $8.99 billion. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. As a group, analysts anticipate that TJX Companies Inc will post 4.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s dividend payout ratio is currently 38.61%.
Several research analysts have commented on TJX shares. Goldman Sachs Group started coverage on shares of TJX Companies in a report on Monday, September 3rd. They issued a “buy” rating and a $63.00 target price for the company. Deutsche Bank raised their target price on shares of TJX Companies from $50.00 to $52.50 and gave the stock a “buy” rating in a report on Monday, August 20th. Citigroup raised their target price on shares of TJX Companies from $55.50 to $62.50 and gave the stock a “buy” rating in a report on Tuesday, October 16th. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $54.50 target price for the company in a report on Tuesday, July 24th. Finally, Telsey Advisory Group raised their target price on shares of TJX Companies from $46.00 to $55.00 and gave the stock a “market perform” rating in a report on Wednesday, August 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $54.06.
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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.
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