Pittenger & Anderson Inc. increased its holdings in shares of TJX Companies Inc (NYSE:TJX) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,053 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,255 shares during the quarter. TJX Companies accounts for approximately 0.8% of Pittenger & Anderson Inc.’s portfolio, making the stock its 26th biggest position. Pittenger & Anderson Inc.’s holdings in TJX Companies were worth $9,528,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its position in TJX Companies by 3.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 19,231,563 shares of the apparel and home fashions retailer’s stock valued at $1,830,461,000 after acquiring an additional 715,960 shares in the last quarter. Northern Trust Corp grew its position in TJX Companies by 1.6% in the 2nd quarter. Northern Trust Corp now owns 8,480,758 shares of the apparel and home fashions retailer’s stock valued at $807,199,000 after acquiring an additional 135,091 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt grew its position in TJX Companies by 2.5% in the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 8,257,538 shares of the apparel and home fashions retailer’s stock valued at $785,952,000 after acquiring an additional 200,000 shares in the last quarter. American Century Companies Inc. grew its position in TJX Companies by 5.3% in the 2nd quarter. American Century Companies Inc. now owns 5,876,616 shares of the apparel and home fashions retailer’s stock valued at $559,336,000 after acquiring an additional 295,891 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its position in TJX Companies by 7,162.0% in the 1st quarter. Summit Trail Advisors LLC now owns 3,321,292 shares of the apparel and home fashions retailer’s stock valued at $3,321,000 after acquiring an additional 3,275,557 shares in the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on TJX shares. ValuEngine raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Wednesday, July 18th. Buckingham Research lifted their target price on TJX Companies from $100.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, August 20th. Deutsche Bank lifted their target price on TJX Companies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, August 20th. Finally, Citigroup boosted their price objective on TJX Companies from $96.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $107.56.
Shares of TJX Companies stock opened at $109.44 on Friday. TJX Companies Inc has a one year low of $66.44 and a one year high of $113.28. The stock has a market cap of $69.54 billion, a PE ratio of 27.09, a P/E/G ratio of 2.09 and a beta of 0.71. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77.
Shares of TJX Companies are scheduled to split before the market opens on Monday, November 5th. The 2-1 split was announced on Monday, September 17th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, November 6th.
TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.12. The firm had revenue of $9.33 billion during the quarter, compared to analysts’ expectations of $8.99 billion. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. On average, sell-side analysts predict that TJX Companies Inc will post 4.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s payout ratio is 38.61%.
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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