Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of TJX Companies Inc (NYSE:TJX) by 63.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,494 shares of the apparel and home fashions retailer’s stock after purchasing an additional 25,135 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in TJX Companies were worth $7,219,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in TJX. Vontobel Asset Management Inc. purchased a new stake in shares of TJX Companies during the second quarter worth about $261,270,000. Charles Schwab Investment Advisory Inc. purchased a new stake in shares of TJX Companies during the second quarter worth about $121,730,000. Prudential Financial Inc. grew its position in shares of TJX Companies by 143.0% during the third quarter. Prudential Financial Inc. now owns 2,100,916 shares of the apparel and home fashions retailer’s stock worth $235,345,000 after purchasing an additional 1,236,439 shares in the last quarter. BlackRock Inc. grew its position in shares of TJX Companies by 2.6% during the third quarter. BlackRock Inc. now owns 42,320,035 shares of the apparel and home fashions retailer’s stock worth $4,740,690,000 after purchasing an additional 1,089,109 shares in the last quarter. Finally, Scopus Asset Management L.P. grew its holdings in TJX Companies by 237.5% during the 2nd quarter. Scopus Asset Management L.P. now owns 550,000 shares of the apparel and home fashions retailer’s stock valued at $52,349,000 after buying an additional 950,000 shares in the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.
Several equities analysts have weighed in on TJX shares. Telsey Advisory Group cut their price target on TJX Companies from $55.00 to $51.00 and set a “market perform” rating for the company in a report on Wednesday, November 21st. DA Davidson started coverage on TJX Companies in a report on Tuesday, September 25th. They set a “buy” rating and a $65.00 price target for the company. Credit Suisse Group cut their price target on TJX Companies from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, November 21st. Loop Capital set a $47.00 price target on TJX Companies and gave the company a “hold” rating in a report on Tuesday, November 20th. Finally, Jefferies Financial Group set a $50.00 price target on TJX Companies and gave the company a “hold” rating in a report on Tuesday, November 20th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $53.19.
NYSE:TJX opened at $47.17 on Thursday. The company has a market capitalization of $60.45 billion, a PE ratio of 23.35, a P/E/G ratio of 1.82 and a beta of 0.61. TJX Companies Inc has a 1 year low of $36.41 and a 1 year high of $56.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 0.63.
TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $9.83 billion during the quarter, compared to analyst estimates of $9.50 billion. TJX Companies had a return on equity of 59.74% and a net margin of 7.98%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the company earned $1.00 EPS. Research analysts expect that TJX Companies Inc will post 2.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 14th will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.65%. TJX Companies’s payout ratio is 38.61%.
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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.
Further Reading: Balance Sheet
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