Watch Point Trust Co lowered its stake in TJX Companies Inc (NYSE:TJX) by 4.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,765 shares of the apparel and home fashions retailer’s stock after selling 3,121 shares during the quarter. TJX Companies accounts for 2.2% of Watch Point Trust Co’s portfolio, making the stock its 14th largest position. Watch Point Trust Co’s holdings in TJX Companies were worth $4,167,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in TJX Companies by 1.7% in the second quarter. Vanguard Group Inc. now owns 98,880,165 shares of the apparel and home fashions retailer’s stock worth $5,228,784,000 after acquiring an additional 1,697,819 shares during the period. BlackRock Inc. raised its position in TJX Companies by 6.1% in the second quarter. BlackRock Inc. now owns 91,057,292 shares of the apparel and home fashions retailer’s stock worth $4,815,108,000 after acquiring an additional 5,274,627 shares during the period. Alecta Pensionsforsakring Omsesidigt raised its position in TJX Companies by 1.3% in the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 15,335,076 shares of the apparel and home fashions retailer’s stock worth $854,777,000 after acquiring an additional 200,000 shares during the period. Fiera Capital Corp raised its position in TJX Companies by 3.2% in the second quarter. Fiera Capital Corp now owns 12,991,834 shares of the apparel and home fashions retailer’s stock worth $687,008,000 after acquiring an additional 404,764 shares during the period. Finally, Invesco Ltd. raised its position in TJX Companies by 1.9% in the second quarter. Invesco Ltd. now owns 10,548,459 shares of the apparel and home fashions retailer’s stock worth $557,803,000 after acquiring an additional 197,115 shares during the period. Institutional investors own 89.39% of the company’s stock.
TJX has been the topic of several recent research reports. UBS Group upgraded shares of TJX Companies from a “sell” rating to a “neutral” rating and increased their price target for the stock from $41.00 to $58.00 in a research report on Tuesday, September 17th. MKM Partners set a $62.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, August 21st. ValuEngine downgraded shares of TJX Companies from a “sell” rating to a “strong sell” rating in a research report on Monday, November 4th. Loop Capital raised their price objective on shares of TJX Companies to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Nomura began coverage on shares of TJX Companies in a research report on Thursday. They set a “buy” rating and a $65.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $60.17.
Shares of TJX stock traded down $0.07 on Friday, hitting $59.23. 2,262,721 shares of the stock traded hands, compared to its average volume of 5,843,974. The firm has a market cap of $71.62 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 2.14 and a beta of 0.67. TJX Companies Inc has a 52 week low of $41.49 and a 52 week high of $60.89. The firm has a 50 day simple moving average of $57.44 and a two-hundred day simple moving average of $54.64. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.25 and a quick ratio of 0.48.
TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. The firm had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $9.89 billion. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $1.17 EPS. Sell-side analysts forecast that TJX Companies Inc will post 2.61 EPS for the current year.
The business also recently announced a — dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, November 13th. This represents a yield of 1.7%. TJX Companies’s payout ratio is 43.60%.
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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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