Bank of Montreal Can lifted its stake in shares of TJX Companies Inc (NYSE:TJX) by 5.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,626,592 shares of the apparel and home fashions retailer’s stock after purchasing an additional 90,127 shares during the quarter. Bank of Montreal Can owned 0.26% of TJX Companies worth $182,211,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Cornerstone Advisors Inc. grew its position in 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 worth $106,000 after buying an additional 821 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in TJX Companies during the second quarter worth about $106,000. North Star Investment Management Corp. purchased a new position in TJX Companies during the second quarter worth about $114,000. City Holding Co. purchased a new position in TJX Companies during the second quarter worth about $114,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in TJX Companies during the third quarter worth about $114,000. Institutional investors own 89.78% of the company’s stock.
TJX opened at $109.44 on Friday. TJX Companies Inc has a 12-month low of $66.44 and a 12-month high of $113.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77. The stock has a market capitalization of $69.54 billion, a PE ratio of 27.09, a PEG ratio of 2.09 and a beta of 0.71.
TJX Companies’s stock is going to split on the morning of Monday, November 5th. The 2-1 split was announced on Monday, September 17th. The newly minted shares will be issued to shareholders after the closing bell on Tuesday, November 6th.
TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. The firm had revenue of $9.33 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the prior year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, equities research analysts expect that TJX Companies Inc will post 4.92 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s payout ratio is currently 38.61%.
Several equities analysts recently commented on TJX shares. Atlantic Securities cut TJX Companies from an “overweight” rating to a “neutral” rating and set a $75.00 target price for the company. in a research report on Tuesday, June 26th. Credit Suisse Group boosted their target price on TJX Companies from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research report on Tuesday, July 24th. DA Davidson started coverage on TJX Companies in a research report on Tuesday, September 25th. They set a “buy” rating and a $130.00 target price for the company. Finally, Cowen set a $125.00 target price on TJX Companies and gave the stock a “buy” rating in a research report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $107.56.
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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