Tower Research Capital LLC TRC bought a new position in TJX Companies Inc (NYSE:TJX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,792 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,438,000.
Other hedge funds also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC bought a new position in shares of TJX Companies during the 2nd quarter valued at $25,000. Prestige Wealth Management Group LLC bought a new position in shares of TJX Companies during the 2nd quarter valued at $25,000. Capital Advisors Ltd. LLC raised its holdings in shares of TJX Companies by 202.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock valued at $31,000 after purchasing an additional 393 shares in the last quarter. Strategic Blueprint LLC bought a new position in shares of TJX Companies during the 3rd quarter valued at $32,000. Finally, Manchester Financial Inc. bought a new position in shares of TJX Companies during the 2nd quarter valued at $37,000. Institutional investors own 89.33% of the company’s stock.
TJX has been the topic of a number of recent research reports. ValuEngine downgraded shares of TJX Companies from a “sell” rating to a “strong sell” rating in a report on Monday, November 4th. Bank of America set a $65.00 price target on shares of TJX Companies and gave the company a “buy” rating in a report on Wednesday, August 21st. Royal Bank of Canada initiated coverage on shares of TJX Companies in a report on Monday. They set a “sector perform” rating and a $60.00 price target on the stock. DA Davidson set a $65.00 price target on shares of TJX Companies and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Nomura initiated coverage on shares of TJX Companies in a report on Thursday, November 7th. They set a “buy” rating and a $65.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. TJX Companies has a consensus rating of “Buy” and an average price target of $61.17.
TJX traded up $0.04 during trading on Wednesday, hitting $58.44. The stock had a trading volume of 3,997,616 shares, compared to its average volume of 5,811,904. The firm has a market cap of $71.61 billion, a PE ratio of 27.70, a P/E/G ratio of 2.14 and a beta of 0.67. TJX Companies Inc has a 12 month low of $41.49 and a 12 month high of $60.89. The company has a current ratio of 1.25, a quick ratio of 0.48 and a debt-to-equity ratio of 1.88. The company has a 50 day simple moving average of $57.74 and a 200-day simple moving average of $54.71.
TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, hitting the 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 business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS. As a group, sell-side analysts anticipate that TJX Companies Inc will post 2.61 earnings per share for the current fiscal year.
The company also recently announced a — dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, November 13th. This represents a yield of 1.7%. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.
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, 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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