Sigma Investment Counselors Inc. cut its position in The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 0.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 81,442 shares of the apparel and home fashions retailer’s stock after selling 750 shares during the period. Sigma Investment Counselors Inc.’s holdings in TJX Companies were worth $4,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the company. Gateway Investment Advisers LLC grew its position in TJX Companies by 11.9% during the 1st quarter. Gateway Investment Advisers LLC now owns 15,512 shares of the apparel and home fashions retailer’s stock worth $940,000 after acquiring an additional 1,650 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in shares of TJX Companies by 5.4% in the 1st quarter. Kestra Private Wealth Services LLC now owns 20,234 shares of the apparel and home fashions retailer’s stock valued at $1,226,000 after buying an additional 1,036 shares during the last quarter. Capital Investment Advisors LLC bought a new stake in shares of TJX Companies in the 1st quarter valued at about $120,000. AIA Group Ltd grew its position in shares of TJX Companies by 40.5% in the 1st quarter. AIA Group Ltd now owns 11,735 shares of the apparel and home fashions retailer’s stock valued at $711,000 after buying an additional 3,385 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its position in shares of TJX Companies by 9.7% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 35,210 shares of the apparel and home fashions retailer’s stock valued at $2,133,000 after buying an additional 3,102 shares during the last quarter. 90.42% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on TJX Companies from $71.00 to $80.00 in a research report on Friday, September 16th. William Blair restated an “outperform” rating on shares of TJX Companies in a research report on Wednesday, August 17th. The Goldman Sachs Group initiated coverage on TJX Companies in a research note on Tuesday, August 2nd. They set a “neutral” rating and a $70.00 price target on the stock. Cowen upped their price target on TJX Companies from $72.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, August 18th. Finally, Gordon Haskett downgraded TJX Companies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $67.00 to $60.00 in a research note on Thursday, July 28th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $74.94.
TJX Companies Stock Down 1.4 %
Shares of TJX traded down $0.87 during mid-day trading on Friday, reaching $61.14. The company had a trading volume of 139,683 shares, compared to its average volume of 4,514,089. The TJX Companies, Inc. has a 52 week low of $53.69 and a 52 week high of $77.35. The company has a market capitalization of $70.99 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 1.93 and a beta of 0.90. The firm has a 50-day moving average price of $63.80 and a 200 day moving average price of $61.65. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.47 and a current ratio of 1.17.
TJX Companies (NYSE:TJX – Get Rating) last announced its earnings results on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The business had revenue of $11.84 billion during the quarter, compared to analyst estimates of $12.05 billion. TJX Companies had a net margin of 6.77% and a return on equity of 61.19%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 3.11 EPS for the current year.
TJX Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Wednesday, November 9th. TJX Companies’s dividend payout ratio is 42.14%.
TJX Companies Company Profile
The TJX Companies, Inc, together with its subsidiaries, 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; and other merchandise.
- Get a free copy of the StockNews.com research report on TJX Companies (TJX)
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