Douglass Winthrop Advisors LLC boosted its holdings in shares of TJX Companies Inc (NYSE:TJX) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 437,416 shares of the apparel and home fashions retailer’s stock after buying an additional 3,020 shares during the quarter. TJX Companies accounts for 2.2% of Douglass Winthrop Advisors LLC’s investment portfolio, making the stock its 15th largest position. Douglass Winthrop Advisors LLC owned approximately 0.07% of TJX Companies worth $48,999,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Natixis increased its position in shares of TJX Companies by 549.4% in the 1st quarter. Natixis now owns 74,797 shares of the apparel and home fashions retailer’s stock valued at $6,100,000 after purchasing an additional 63,280 shares during the last quarter. Element Capital Management LLC purchased a new stake in shares of TJX Companies in the 1st quarter valued at approximately $299,000. Ancora Advisors LLC increased its position in shares of TJX Companies by 11.1% in the 1st quarter. Ancora Advisors LLC now owns 20,423 shares of the apparel and home fashions retailer’s stock valued at $1,666,000 after purchasing an additional 2,036 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of TJX Companies by 8.5% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 69,001 shares of the apparel and home fashions retailer’s stock valued at $5,620,000 after purchasing an additional 5,433 shares during the last quarter. Finally, Highland Capital Management LP purchased a new stake in shares of TJX Companies in the 1st quarter valued at approximately $326,000. Institutional investors own 89.78% of the company’s stock.
NYSE TJX opened at $109.44 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $69.54 billion, a P/E ratio of 27.09, a P/E/G 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.
TJX Companies’s stock is set to split on Monday, November 5th. The 2-1 split was announced on Monday, September 17th. The newly minted shares will be distributed to shareholders after the closing bell on Tuesday, November 6th.
TJX Companies (NYSE:TJX) last issued 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 the Thomson Reuters’ consensus estimate of $1.05 by $0.12. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The company had revenue of $9.33 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period last year, the firm posted $0.85 EPS. TJX Companies’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, research analysts forecast that TJX Companies Inc will post 4.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.43%. The ex-dividend date is Wednesday, November 14th. TJX Companies’s payout ratio is currently 38.61%.
A number of equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of TJX Companies from $99.00 to $119.00 and gave the company an “overweight” rating in a research report on Thursday, August 23rd. MKM Partners set a $120.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Royal Bank of Canada increased their price objective on shares of TJX Companies to $114.00 and gave the company an “outperform” rating in a research report on Wednesday, August 22nd. Wedbush assumed coverage on shares of TJX Companies in a research report on Friday, June 22nd. They issued a “neutral” rating and a $100.00 price objective on the stock. Finally, Wells Fargo & Co increased their price objective on shares of TJX Companies from $83.00 to $112.00 and gave the company a “market perform” rating in a research report on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $107.56.
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, 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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