Frank Rimerman Advisors LLC Has $1.61 Million Holdings in The TJX Companies, Inc. $TJX

Frank Rimerman Advisors LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 27.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 13,023 shares of the apparel and home fashions retailer’s stock after buying an additional 2,811 shares during the period. Frank Rimerman Advisors LLC’s holdings in TJX Companies were worth $1,608,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TJX. FCG Investment Co bought a new position in shares of TJX Companies during the 1st quarter worth approximately $2,620,000. MinichMacGregor Wealth Management LLC bought a new stake in shares of TJX Companies in the 2nd quarter valued at $5,045,000. Infusive Asset Management Inc. lifted its position in shares of TJX Companies by 30.1% during the 1st quarter. Infusive Asset Management Inc. now owns 27,730 shares of the apparel and home fashions retailer’s stock valued at $3,378,000 after acquiring an additional 6,415 shares during the period. First American Bank boosted its stake in TJX Companies by 4.5% during the second quarter. First American Bank now owns 138,840 shares of the apparel and home fashions retailer’s stock worth $17,145,000 after acquiring an additional 5,921 shares in the last quarter. Finally, Wedbush Securities Inc. grew its holdings in TJX Companies by 52.3% in the second quarter. Wedbush Securities Inc. now owns 27,193 shares of the apparel and home fashions retailer’s stock worth $3,358,000 after purchasing an additional 9,334 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $145.86 on Wednesday. The TJX Companies, Inc. has a 52 week low of $112.10 and a 52 week high of $148.11. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $142.54 and a 200-day moving average price of $133.76. The company has a market cap of $162.34 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The business had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.TJX Companies’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 earnings per share. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a $0.425 dividend. The ex-dividend date is Thursday, November 13th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio is presently 38.72%.

Analyst Upgrades and Downgrades

TJX has been the topic of several research reports. Morgan Stanley upped their price objective on shares of TJX Companies from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Sanford C. Bernstein upped their price target on TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. UBS Group reiterated a “buy” rating and issued a $172.00 price target on shares of TJX Companies in a report on Tuesday, November 4th. Robert W. Baird boosted their price objective on TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $155.00 target price on shares of TJX Companies in a report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Buy” and an average target price of $151.75.

TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.