Evanson Asset Management LLC bought a new stake in TJX Companies Inc (NYSE:TJX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,839 shares of the apparel and home fashions retailer’s stock, valued at approximately $206,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in TJX. Summit Trail Advisors LLC raised its holdings in shares of TJX Companies by 7,162.0% in the first quarter. Summit Trail Advisors LLC now owns 3,321,292 shares of the apparel and home fashions retailer’s stock worth $3,321,000 after buying an additional 3,275,557 shares during the last quarter. Vontobel Asset Management Inc. purchased a new position in shares of TJX Companies in the second quarter worth $261,270,000. Millennium Management LLC raised its holdings in shares of TJX Companies by 171.2% in the first quarter. Millennium Management LLC now owns 2,655,393 shares of the apparel and home fashions retailer’s stock worth $216,574,000 after buying an additional 1,676,204 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of TJX Companies in the second quarter worth $146,241,000. Finally, Charles Schwab Investment Advisory Inc. purchased a new position in shares of TJX Companies in the second quarter worth $121,730,000. Institutional investors own 89.78% of the company’s stock.
Shares of TJX Companies stock opened at $108.64 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77. TJX Companies Inc has a 1 year low of $66.44 and a 1 year high of $113.28. The firm has a market cap of $69.54 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 2.09 and a beta of 0.71.
Shares of TJX Companies are going to split on Monday, November 5th. The 2-1 split was announced on Monday, September 17th. The newly minted shares will be distributed to shareholders after the closing bell on Tuesday, November 6th.
TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.12. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The firm had revenue of $9.33 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter last year, the company posted $0.85 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. As a group, equities analysts anticipate that TJX Companies Inc will post 4.92 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.56 annualized dividend and a dividend yield of 1.44%. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.
A number of research firms have issued reports on TJX. Cowen set a $125.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Tuesday, September 25th. DA Davidson began coverage on shares of TJX Companies in a report on Tuesday, September 25th. They issued a “buy” rating and a $130.00 price target for the company. Barclays began coverage on shares of TJX Companies in a report on Tuesday, September 11th. They issued an “equal weight” rating and a $117.00 price target for the company. Goldman Sachs Group began coverage on shares of TJX Companies in a report on Monday, September 3rd. They issued a “buy” rating and a $126.00 price target for the company. Finally, Morgan Stanley raised their price target on shares of TJX Companies from $99.00 to $119.00 and gave the stock an “overweight” rating in a report on Thursday, August 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $107.56.
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, 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.
Further Reading: How to calculate the intrinsic value of a stock
Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies Inc (NYSE:TJX).
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.