Fifth Third Bancorp boosted its stake in shares of TJX Companies Inc (NYSE:TJX) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 469,900 shares of the apparel and home fashions retailer’s stock after purchasing an additional 11,021 shares during the period. Fifth Third Bancorp’s holdings in TJX Companies were worth $52,638,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of TJX Companies by 2.6% in the 3rd quarter. BlackRock Inc. now owns 42,320,035 shares of the apparel and home fashions retailer’s stock valued at $4,740,690,000 after acquiring an additional 1,089,109 shares during the period. FMR LLC raised its stake in shares of TJX Companies by 4.0% in the 3rd quarter. FMR LLC now owns 24,992,585 shares of the apparel and home fashions retailer’s stock valued at $2,799,669,000 after acquiring an additional 949,799 shares during the period. Bank of New York Mellon Corp raised its stake in shares of 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 during the period. Northern Trust Corp raised its stake in shares of 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 during the period. Finally, American Century Companies Inc. raised its stake in shares of TJX Companies by 12.6% in the 3rd quarter. American Century Companies Inc. now owns 6,617,025 shares of the apparel and home fashions retailer’s stock valued at $741,239,000 after acquiring an additional 740,409 shares during the period. 44.59% of the stock is currently owned by institutional investors.
TJX has been the topic of a number of research reports. Goldman Sachs Group assumed coverage on shares of TJX Companies in a research note on Monday, September 3rd. They issued a “buy” rating and a $63.00 target price on the stock. Guggenheim reaffirmed a “buy” rating on shares of TJX Companies in a research note on Tuesday, August 21st. Buckingham Research lifted their price target on shares of TJX Companies from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, August 20th. Deutsche Bank lifted their price target 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. Finally, Bank of America lifted their price target on shares of TJX Companies from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $53.19.
Shares of TJX stock opened at $45.29 on Friday. The firm has a market cap of $58.17 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 1.77 and a beta of 0.61. The company has a quick ratio of 0.63, a current ratio of 1.55 and a debt-to-equity ratio of 0.42. TJX Companies Inc has a 1-year low of $36.41 and a 1-year high of $56.64.
TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The company had revenue of $9.83 billion during the quarter, compared to analyst estimates of $9.50 billion. TJX Companies had a net margin of 7.98% and a return on equity of 59.74%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the business earned $1.00 EPS. Equities analysts forecast that TJX Companies Inc will post 2.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Thursday, February 14th will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, February 13th. 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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