Achmea Investment Management B.V. trimmed its stake in TJX Companies Inc (NYSE:TJX) by 10.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 111,191 shares of the apparel and home fashions retailer’s stock after selling 13,505 shares during the period. Achmea Investment Management B.V.’s holdings in TJX Companies were worth $12,450,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Moody Aldrich Partners LLC purchased a new stake in TJX Companies during the 2nd quarter worth approximately $57,774,000. LFA Lugano Financial Advisors SA purchased a new stake in TJX Companies during the 3rd quarter worth approximately $114,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in TJX Companies during the 3rd quarter worth approximately $115,000. Cornerstone Advisors Inc. increased its stake in TJX Companies by 280.2% during the 2nd 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 during the period. Finally, Icon Wealth Partners LLC purchased a new stake in TJX Companies during the 2nd quarter worth approximately $106,000. 90.12% of the stock is currently owned by institutional investors and hedge funds.
NYSE TJX opened at $55.64 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. TJX Companies Inc has a 52 week low of $33.22 and a 52 week high of $56.64. The company has a market cap of $67.79 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 2.04 and a beta of 0.65.
TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.52 by $0.06. 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 during the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the previous year, the business posted $0.43 EPS. The firm’s revenue was up 11.6% on a year-over-year basis. As a group, research analysts expect that TJX Companies Inc will post 2.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend 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%.
Several equities research analysts recently weighed in on TJX shares. Goldman Sachs Group started coverage on shares of TJX Companies in a research note on Monday, September 3rd. They set a “buy” rating and a $63.00 target price on the stock. Deutsche Bank upped their target price on shares of TJX Companies from $50.00 to $52.50 and gave the stock a “buy” rating in a research note on Monday, August 20th. Citigroup upped their target price on shares of TJX Companies from $55.50 to $62.50 and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $54.50 target price on the stock in a research note on Tuesday, July 24th. Finally, Telsey Advisory Group upped their target price on shares of TJX Companies from $46.00 to $55.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.08.
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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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