TD Asset Management Inc. reduced its position in shares of TJX Companies Inc (NYSE:TJX) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,944,312 shares of the apparel and home fashions retailer’s stock after selling 46,557 shares during the period. TD Asset Management Inc. owned approximately 0.31% of TJX Companies worth $217,802,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in TJX Companies by 3.9% during the second quarter. Bank of New York Mellon Corp now owns 19,231,563 shares of the apparel and home fashions retailer’s stock worth $1,830,461,000 after purchasing an additional 715,960 shares in the last quarter. Northern Trust Corp raised its holdings in TJX Companies by 1.6% during the second quarter. Northern Trust Corp now owns 8,480,758 shares of the apparel and home fashions retailer’s stock worth $807,199,000 after purchasing an additional 135,091 shares in the last quarter. American Century Companies Inc. raised its holdings in TJX Companies by 5.3% during the second quarter. American Century Companies Inc. now owns 5,876,616 shares of the apparel and home fashions retailer’s stock worth $559,336,000 after purchasing an additional 295,891 shares in the last quarter. Swiss National Bank raised its holdings in TJX Companies by 2.4% during the second quarter. Swiss National Bank now owns 2,787,621 shares of the apparel and home fashions retailer’s stock worth $265,326,000 after purchasing an additional 65,700 shares in the last quarter. Finally, Vontobel Asset Management Inc. purchased a new position in TJX Companies in the second quarter valued at about $261,270,000. 90.05% of the stock is owned by hedge funds and other institutional investors.
TJX has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a report on Wednesday, July 18th. Cowen reaffirmed a “buy” rating and issued a $114.00 target price on shares of TJX Companies in a report on Tuesday, July 31st. Citigroup increased their target price on shares of TJX Companies from $96.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Deutsche Bank increased their target price on shares of TJX Companies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Monday, August 20th. Finally, Buckingham Research increased their target price on shares of TJX Companies from $100.00 to $112.00 and gave the company a “buy” rating in a report on Monday, August 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $108.12.
TJX Companies shares are set to split before the market opens on Monday, November 5th. The 2-1 split was announced on Monday, September 17th. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, November 6th.
TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 EPS for the quarter, beating the consensus estimate of $1.05 by $0.12. The business had revenue of $9.33 billion for the quarter, compared to analyst estimates of $8.99 billion. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 earnings per share. Equities analysts anticipate that TJX Companies Inc will post 4.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be given a $0.39 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.56 annualized dividend and a dividend yield of 1.42%. TJX Companies’s dividend payout ratio is presently 38.61%.
About TJX Companies
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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