SG Americas Securities LLC lessened its stake in TJX Companies Inc (NYSE:TJX) by 36.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 160,029 shares of the apparel and home fashions retailer’s stock after selling 90,397 shares during the period. SG Americas Securities LLC’s holdings in TJX Companies were worth $8,920,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of TJX. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of TJX Companies in the second quarter worth $1,223,000. Asset Management One Co. Ltd. grew its stake 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 worth $45,452,000 after acquiring an additional 63,421 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of TJX Companies in the third quarter worth $2,419,000. Canada Pension Plan Investment Board grew its stake 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 worth $16,474,000 after acquiring an additional 52,969 shares in the last quarter. Finally, Park National Corp OH grew its stake 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 worth $7,216,000 after acquiring an additional 6,488 shares in the last quarter. Hedge funds and other institutional investors own 89.39% of the company’s stock.
Several research firms have commented on TJX. ValuEngine downgraded shares of TJX Companies from a “sell” rating to a “strong sell” rating in a research note on Monday, November 4th. Nomura initiated coverage on shares of TJX Companies in a research report on Thursday. They set a “buy” rating and a $65.00 price objective for the company. UBS Group raised shares of TJX Companies from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $41.00 to $58.00 in a research report on Tuesday, September 17th. Loop Capital lifted their price objective on shares of TJX Companies to $65.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Finally, Bank of America set a $65.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, August 21st. 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 company has an average rating of “Buy” and an average target price of $60.17.
Shares of TJX Companies stock traded down $0.07 during trading on Friday, hitting $59.23. 2,262,721 shares of the stock were exchanged, compared to its average volume of 5,843,974. The stock has a market cap of $71.62 billion, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 2.14 and a beta of 0.67. The firm’s 50-day moving average price is $57.44 and its 200 day moving average price is $54.64. TJX Companies Inc has a 12-month low of $41.49 and a 12-month high of $60.89. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.25 and a quick ratio of 0.48.
TJX Companies (NYSE:TJX) last announced its quarterly earnings results 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. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The firm had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the previous year, the company earned $1.17 earnings per share. TJX Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, research analysts forecast that TJX Companies Inc will post 2.61 earnings per share for the current year.
The business also recently declared a — dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a yield of 1.7%. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.
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, 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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