Fishman Jay A Ltd. MI purchased a new position in shares of TJX Companies Inc (NYSE:TJX) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,600 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,260,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bath Savings Trust Co boosted its holdings in TJX Companies by 2.0% in the 2nd quarter. Bath Savings Trust Co now owns 405,849 shares of the apparel and home fashions retailer’s stock worth $21,461,000 after buying an additional 8,030 shares during the period. First Financial Bank Trust Division boosted its holdings in TJX Companies by 1.6% in the second quarter. First Financial Bank Trust Division now owns 150,616 shares of the apparel and home fashions retailer’s stock worth $7,965,000 after purchasing an additional 2,309 shares during the period. Park National Corp OH boosted its holdings in TJX Companies by 17.4% in the second quarter. Park National Corp OH now owns 122,960 shares of the apparel and home fashions retailer’s stock worth $6,502,000 after purchasing an additional 18,263 shares during the period. Beese Fulmer Investment Management Inc. acquired a new position in TJX Companies in the second quarter worth $4,122,000. Finally, Carroll Financial Associates Inc. boosted its holdings in TJX Companies by 6.9% in the second quarter. Carroll Financial Associates Inc. now owns 8,716 shares of the apparel and home fashions retailer’s stock worth $460,000 after purchasing an additional 564 shares during the period. Hedge funds and other institutional investors own 89.39% of the company’s stock.
A number of equities analysts have commented on the stock. Loop Capital lifted their price objective on shares of TJX Companies to $65.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Cowen set a $62.00 price target on shares of TJX Companies and gave the company a “buy” rating in a report on Tuesday, August 20th. UBS Group raised shares of TJX Companies from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $41.00 to $58.00 in a report on Tuesday, September 17th. MKM Partners set a $62.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Bank of America set a $65.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $60.17.
TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the previous year, the business earned $1.17 earnings per share. TJX Companies’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities analysts anticipate that TJX Companies Inc will post 2.61 EPS for the current year.
The company also recently declared a — dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.23 dividend. This represents a yield of 1.7%. The ex-dividend date is Wednesday, November 13th. TJX Companies’s dividend payout ratio is 43.60%.
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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