Candriam Luxembourg S.C.A. boosted its position in shares of TJX Companies Inc (NYSE:TJX) by 4.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,750 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,613 shares during the period. Candriam Luxembourg S.C.A.’s holdings in TJX Companies were worth $17,559,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Advisors Inc. increased its position in shares of TJX Companies by 280.2% during the second quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock valued at $106,000 after acquiring an additional 821 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in shares of TJX Companies during the second quarter valued at about $106,000. North Star Investment Management Corp. acquired a new stake in shares of TJX Companies during the second quarter valued at about $114,000. City Holding Co. acquired a new stake in shares of TJX Companies during the second quarter valued at about $114,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of TJX Companies during the third quarter valued at about $114,000. Institutional investors and hedge funds own 90.45% of the company’s stock.
Shares of TJX stock opened at $53.75 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 capitalization of $68.86 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 2.07 and a beta of 0.65. TJX Companies Inc has a fifty-two week low of $33.22 and a fifty-two week high of $56.64.
TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The firm 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 business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. As a group, research analysts predict that TJX Companies Inc will post 2.47 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be paid a $0.39 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.56 dividend on an annualized basis and a yield of 2.90%. TJX Companies’s dividend payout ratio is currently 38.61%.
TJX has been the subject of a number of recent analyst reports. ValuEngine cut shares of TJX Companies from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 7th. Credit Suisse Group lifted their price target on shares of TJX Companies from $50.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, August 22nd. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $54.50 price target for the company in a research report on Tuesday, July 24th. Barclays set a $59.00 price target on shares of TJX Companies and gave the company a “hold” rating in a research report on Thursday, November 8th. Finally, DA Davidson initiated coverage on shares of TJX Companies in a research report on Tuesday, September 25th. They set a “buy” rating and a $65.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the stock. TJX Companies has a consensus rating of “Buy” and a consensus target price of $54.08.
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TJX Companies Company 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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