Douglass Winthrop Advisors LLC lifted its stake in TJX Companies Inc (NYSE:TJX) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 437,416 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,020 shares during the quarter. TJX Companies accounts for approximately 2.2% of Douglass Winthrop Advisors LLC’s portfolio, making the stock its 15th biggest position. Douglass Winthrop Advisors LLC’s holdings in TJX Companies were worth $48,999,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in TJX. Cornerstone Advisors Inc. increased its holdings in TJX Companies by 280.2% during the 2nd 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 in the last quarter. Icon Wealth Partners LLC purchased a new position in TJX Companies during the 2nd quarter valued at about $106,000. North Star Investment Management Corp. purchased a new position in TJX Companies during the 2nd quarter valued at about $114,000. City Holding Co. purchased a new position in TJX Companies during the 2nd quarter valued at about $114,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in TJX Companies during the 3rd quarter valued at about $114,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.
TJX has been the subject of several recent research reports. Telsey Advisory Group raised their target price on shares of TJX Companies from $92.00 to $110.00 and gave the company a “market perform” rating in a report on Wednesday, August 22nd. DA Davidson initiated coverage on shares of TJX Companies in a report on Tuesday, September 25th. They set a “buy” rating and a $130.00 target price for the company. Atlantic Securities downgraded shares of TJX Companies from an “overweight” rating to a “neutral” rating and set a $75.00 target price for the company. in a report on Tuesday, June 26th. Buckingham Research raised their target price on shares of TJX Companies from $100.00 to $112.00 and gave the company a “buy” rating in a report on Monday, August 20th. Finally, Loop Capital restated a “hold” rating and set a $105.00 target price on shares of TJX Companies in a report on Tuesday, August 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $107.56.
Shares of NYSE TJX opened at $109.44 on Friday. The stock has a market cap of $69.54 billion, a PE ratio of 27.09, a PEG ratio of 2.09 and a beta of 0.71. TJX Companies Inc has a 12 month low of $66.44 and a 12 month high of $113.28. The company has a quick ratio of 0.77, a current ratio of 1.64 and a debt-to-equity ratio of 0.43.
TJX Companies shares are going to split on the morning of Monday, November 5th. The 2-1 split was announced on Monday, September 17th. The newly issued shares will be issued to shareholders after the closing bell on Tuesday, November 6th.
TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The business had revenue of $9.33 billion during the quarter, compared to the consensus estimate of $8.99 billion. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. On average, research analysts predict that TJX Companies Inc will post 4.92 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.39 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.43%. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.
About TJX Companies
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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