Kornitzer Capital Management Inc. KS lessened its holdings in shares of TJX Companies Inc (NYSE:TJX) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,050 shares of the apparel and home fashions retailer’s stock after selling 3,760 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in TJX Companies were worth $2,009,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in TJX. Krane Funds Advisors LLC bought a new stake in TJX Companies during the second quarter worth approximately $25,000. Prestige Wealth Management Group LLC bought a new stake in TJX Companies during the second quarter worth approximately $25,000. Capital Advisors Ltd. LLC raised its holdings in TJX Companies by 202.6% during the second quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock worth $31,000 after purchasing an additional 393 shares in the last quarter. Strategic Blueprint LLC bought a new stake in TJX Companies during the third quarter worth approximately $32,000. Finally, Manchester Financial Inc. bought a new stake in TJX Companies during the second quarter worth approximately $37,000. 89.39% of the stock is currently owned by institutional investors.
TJX Companies stock traded down $0.07 during mid-day trading on Friday, hitting $59.23. The company’s stock had a trading volume of 2,262,721 shares, compared to its average volume of 5,843,974. 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 capitalization of $71.62 billion, a P/E ratio of 28.07, a P/E/G ratio of 2.14 and a beta of 0.67. TJX Companies Inc has a twelve month low of $41.49 and a twelve month high of $60.89. The stock’s fifty day moving average price is $57.44 and its two-hundred day moving average price is $54.64.
TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. The firm had revenue of $9.78 billion for 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 firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 earnings per share. Equities analysts expect that TJX Companies Inc will post 2.61 earnings per share for the current year.
The company also recently disclosed a — dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.23 per share. This represents a yield of 1.7%. The ex-dividend date is Wednesday, November 13th. TJX Companies’s payout ratio is 43.60%.
Several equities research analysts recently commented on TJX shares. Loop Capital boosted their target price on TJX Companies to $65.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. MKM Partners set a $62.00 target price on TJX Companies and gave the stock a “buy” rating in a report on Wednesday, August 21st. Zacks Investment Research raised TJX Companies from a “sell” rating to a “hold” rating and set a $64.00 target price on the stock in a report on Friday, October 18th. DA Davidson set a $65.00 target price on TJX Companies and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, UBS Group upgraded shares of TJX Companies from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $41.00 to $58.00 in a research report on Tuesday, September 17th. One investment 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’s stock. The stock has an average rating of “Buy” and a consensus price target of $60.17.
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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