Unigestion Holding SA increased its stake in shares of TJX Companies Inc (NYSE:TJX) by 1,094.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 960,155 shares of the apparel and home fashions retailer’s stock after buying an additional 879,798 shares during the period. TJX Companies comprises 1.5% of Unigestion Holding SA’s portfolio, making the stock its 21st largest holding. Unigestion Holding SA owned 0.08% of TJX Companies worth $53,518,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in TJX Companies during the second quarter worth about $1,223,000. Asset Management One Co. Ltd. lifted its holdings in shares of TJX Companies by 8.0% in the second quarter. Asset Management One Co. Ltd. now owns 859,536 shares of the apparel and home fashions retailer’s stock valued at $45,452,000 after purchasing an additional 63,421 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services purchased a new stake in shares of TJX Companies in the third quarter valued at about $2,419,000. Canada Pension Plan Investment Board lifted its holdings in shares of TJX Companies by 20.5% in the second quarter. Canada Pension Plan Investment Board now owns 311,533 shares of the apparel and home fashions retailer’s stock valued at $16,474,000 after purchasing an additional 52,969 shares in the last quarter. Finally, Park National Corp OH lifted its holdings in shares of TJX Companies by 5.3% in the third quarter. Park National Corp OH now owns 129,448 shares of the apparel and home fashions retailer’s stock valued at $7,216,000 after purchasing an additional 6,488 shares in the last quarter. 89.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:TJX traded down $0.07 during trading on Friday, reaching $59.23. The stock had a trading volume of 2,340,330 shares, compared to its average volume of 5,843,974. The business has a fifty day moving average price of $57.39 and a 200-day moving average price of $54.62. The company has a quick ratio of 0.48, a current ratio of 1.25 and a debt-to-equity ratio of 1.88. The stock has a market cap of $71.62 billion, a P/E ratio of 28.07, a PEG ratio of 2.14 and a beta of 0.67. TJX Companies Inc has a fifty-two week low of $41.49 and a fifty-two week high of $60.89.
TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.62. The business had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.89 billion. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 earnings per share. As a group, equities analysts forecast that TJX Companies Inc will post 2.61 EPS for the current year.
The company also recently disclosed a — dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.23 dividend. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 13th. TJX Companies’s dividend payout ratio is presently 43.60%.
Several analysts have issued reports on the stock. ValuEngine downgraded shares of TJX Companies from a “sell” rating to a “strong sell” rating in a report on Monday. MKM Partners set a $62.00 price target on shares of TJX Companies and gave the company a “buy” rating in a report on Wednesday, August 21st. Loop Capital upped their price target on shares of TJX Companies to $65.00 and gave the company a “buy” rating in a report on Thursday, October 17th. UBS Group raised shares of TJX Companies from a “sell” rating to a “neutral” rating and upped their price target for the company from $41.00 to $58.00 in a report on Tuesday, September 17th. Finally, Zacks Investment Research raised shares of TJX Companies from a “sell” rating to a “hold” rating and set a $64.00 price target on the stock in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $60.17.
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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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