Skandinaviska Enskilda Banken AB publ reduced its stake in TJX Companies Inc (NYSE:TJX) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,920 shares of the apparel and home fashions retailer’s stock after selling 4,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in TJX Companies were worth $11,865,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in TJX Companies by 2.8% in the first quarter. Principal Financial Group Inc. now owns 1,801,237 shares of the apparel and home fashions retailer’s stock valued at $146,908,000 after acquiring an additional 49,119 shares during the last quarter. Raymond James Trust N.A. boosted its stake in TJX Companies by 8.3% in the second quarter. Raymond James Trust N.A. now owns 10,730 shares of the apparel and home fashions retailer’s stock valued at $1,021,000 after acquiring an additional 820 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in TJX Companies in the second quarter valued at about $479,000. Pennsylvania Trust Co boosted its stake in TJX Companies by 8.8% in the second quarter. Pennsylvania Trust Co now owns 17,264 shares of the apparel and home fashions retailer’s stock valued at $1,644,000 after acquiring an additional 1,402 shares during the last quarter. Finally, CX Institutional purchased a new position in TJX Companies in the second quarter valued at about $812,000. Institutional investors and hedge funds own 90.12% of the company’s stock.
TJX Companies stock opened at $55.64 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.77 and a current ratio of 1.64. The company has a market cap of $68.58 billion, a P/E ratio of 27.54, a PEG ratio of 2.06 and a beta of 0.65. TJX Companies Inc has a 1-year low of $33.22 and a 1-year high of $56.64.
TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.06. The business had revenue of $9.33 billion for the quarter, compared to analyst estimates of $8.99 billion. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. TJX Companies’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 EPS. Research analysts expect that TJX Companies Inc will post 2.47 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Wednesday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.
A number of research firms have weighed in on TJX. Barclays set a $59.00 target price on shares of TJX Companies and gave the company a “hold” rating in a research note on Thursday. ValuEngine cut shares of TJX Companies from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Zacks Investment Research cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Citigroup upped their price target on shares of TJX Companies from $55.50 to $62.50 and gave the company a “buy” rating in a research note on Tuesday, October 16th. Finally, Cowen set a $62.50 price target on shares of TJX Companies and gave the company a “buy” rating in a research note on Tuesday, September 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $54.08.
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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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