Connor Clark & Lunn Investment Management Ltd. boosted its stake in TJX Companies Inc (NYSE:TJX) by 2,196.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,100 shares of the apparel and home fashions retailer’s stock after buying an additional 141,650 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in TJX Companies were worth $16,590,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of TJX. Almanack Investment Partners LLC. acquired a new stake in TJX Companies in the 3rd quarter valued at about $183,000. Dimensional Fund Advisors LP raised its holdings in TJX Companies by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,820,044 shares of the apparel and home fashions retailer’s stock valued at $203,877,000 after acquiring an additional 39,630 shares during the last quarter. Virtu Financial LLC acquired a new stake in TJX Companies in the 3rd quarter valued at about $1,414,000. Parkwood LLC raised its holdings in TJX Companies by 16.4% in the 3rd quarter. Parkwood LLC now owns 48,363 shares of the apparel and home fashions retailer’s stock valued at $5,418,000 after acquiring an additional 6,826 shares during the last quarter. Finally, Independent Advisor Alliance raised its holdings in TJX Companies by 147.3% in the 3rd quarter. Independent Advisor Alliance now owns 10,501 shares of the apparel and home fashions retailer’s stock valued at $1,148,000 after acquiring an additional 6,254 shares during the last quarter. 45.09% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have commented on TJX shares. Deutsche Bank increased their price objective on shares of TJX Companies from $50.00 to $52.50 and gave the company a “buy” rating in a report on Monday, August 20th. Buckingham Research increased their price objective on shares of TJX Companies from $50.00 to $56.00 and gave the company a “buy” rating in a report on Monday, August 20th. Loop Capital reiterated a “hold” rating and issued a $52.50 price objective on shares of TJX Companies in a report on Tuesday, August 21st. Guggenheim reiterated a “buy” rating on shares of TJX Companies in a report on Tuesday, August 21st. Finally, Telsey Advisory Group increased their price objective on shares of TJX Companies from $46.00 to $55.00 and gave the company a “market perform” rating in a report on Wednesday, August 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $53.26.
Shares of NYSE TJX opened at $47.49 on Friday. The company has a market cap of $56.37 billion, a PE ratio of 23.51, a PEG ratio of 1.71 and a beta of 0.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 0.63. TJX Companies Inc has a 1 year low of $36.31 and a 1 year high of $56.64.
TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The business had revenue of $9.83 billion during the quarter, compared to the consensus estimate of $9.50 billion. TJX Companies had a net margin of 7.98% and a return on equity of 59.74%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 EPS. On average, sell-side analysts expect that TJX Companies Inc will post 2.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.28%. TJX Companies’s dividend payout ratio is currently 38.61%.
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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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