TJX Companies Inc (NYSE:TJX) Shares Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. grew its stake in shares of TJX Companies Inc (NYSE:TJX) by 24.8% during the second quarter, HoldingsChannel reports. The firm owned 553,189 shares of the apparel and home fashions retailer’s stock after buying an additional 109,983 shares during the period. Point72 Asset Management L.P.’s holdings in TJX Companies were worth $29,253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of TJX. Harfst & Associates Inc. lifted its stake in shares of TJX Companies by 40.1% in the second quarter. Harfst & Associates Inc. now owns 12,321 shares of the apparel and home fashions retailer’s stock worth $651,000 after acquiring an additional 3,524 shares in the last quarter. Zurich Insurance Group Ltd FI increased its holdings in TJX Companies by 5.1% in the second quarter. Zurich Insurance Group Ltd FI now owns 208,519 shares of the apparel and home fashions retailer’s stock valued at $11,026,000 after buying an additional 10,152 shares during the last quarter. Alberta Investment Management Corp increased its holdings in TJX Companies by 4.1% in the second quarter. Alberta Investment Management Corp now owns 1,222,400 shares of the apparel and home fashions retailer’s stock valued at $64,641,000 after buying an additional 48,300 shares during the last quarter. Connors Investor Services Inc. increased its holdings in TJX Companies by 5.7% in the second quarter. Connors Investor Services Inc. now owns 209,442 shares of the apparel and home fashions retailer’s stock valued at $11,075,000 after buying an additional 11,352 shares during the last quarter. Finally, Capital Bank & Trust Co increased its holdings in TJX Companies by 40.4% in the second quarter. Capital Bank & Trust Co now owns 1,634 shares of the apparel and home fashions retailer’s stock valued at $86,000 after buying an additional 470 shares during the last quarter. Institutional investors own 89.16% of the company’s stock.

TJX Companies stock traded down $1.65 during mid-day trading on Friday, hitting $54.81. 8,725,592 shares of the company’s stock were exchanged, compared to its average volume of 5,638,112. The company has a current ratio of 1.25, a quick ratio of 0.48 and a debt-to-equity ratio of 1.88. The stock has a market cap of $68.03 billion, a P/E ratio of 25.98, a P/E/G ratio of 2.03 and a beta of 0.68. TJX Companies Inc has a 1-year low of $41.49 and a 1-year high of $57.31. The stock has a 50 day moving average of $53.96 and a two-hundred day moving average of $53.53.

TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 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 the consensus estimate of $9.89 billion. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 earnings per share. As a group, research analysts predict that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

The firm also recently announced 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 of this dividend is Wednesday, November 13th. TJX Companies’s payout ratio is 43.60%.

Several analysts recently weighed in on the company. DA Davidson set a $65.00 price objective on TJX Companies and gave the company a “buy” rating in a report on Wednesday, August 21st. Nomura boosted their price objective on TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Loop Capital raised TJX Companies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $60.00 in a report on Friday, August 16th. Argus reissued a “buy” rating on shares of TJX Companies in a report on Wednesday, July 3rd. Finally, UBS Group raised TJX Companies from a “sell” rating to a “neutral” rating and upped their target price for the company from $41.00 to $58.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $59.28.

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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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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