Bartlett & Co. LLC trimmed its stake in shares of TJX Companies Inc (NYSE:TJX) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 563,665 shares of the apparel and home fashions retailer’s stock after selling 19,772 shares during the period. TJX Companies comprises about 2.4% of Bartlett & Co. LLC’s portfolio, making the stock its 7th largest position. Bartlett & Co. LLC owned about 0.09% of TJX Companies worth $63,142,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Cornerstone Advisors Inc. grew its stake in shares of TJX Companies by 280.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock valued at $106,000 after acquiring an additional 821 shares during the period. Icon Wealth Partners LLC bought a new position in shares of TJX Companies during the 2nd quarter valued at approximately $106,000. North Star Investment Management Corp. bought a new position in shares of TJX Companies during the 2nd quarter valued at approximately $114,000. City Holding Co. bought a new position in shares of TJX Companies during the 2nd quarter valued at approximately $114,000. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of TJX Companies during the 3rd quarter valued at approximately $114,000. Institutional investors and hedge funds own 90.12% of the company’s stock.
A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on TJX Companies from $49.50 to $59.50 and gave the company an “overweight” rating in a research note on Thursday, August 23rd. MKM Partners set a $60.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Royal Bank of Canada boosted their price objective on TJX Companies to $57.00 and gave the company an “outperform” rating in a research note on Wednesday, August 22nd. Wells Fargo & Co upped their price target on TJX Companies from $41.50 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 22nd. Finally, Goldman Sachs Group started coverage on TJX Companies in a research note on Monday, September 3rd. They issued a “buy” rating and a $63.00 price target for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $54.06.
Shares of TJX opened at $109.55 on Wednesday. The company has a market cap of $67.75 billion, a PE ratio of 27.12, a PEG ratio of 2.04 and a beta of 0.65. TJX Companies Inc has a 1 year low of $66.44 and a 1 year high of $113.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.77 and a current ratio of 1.64.
TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.06. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. The business had revenue of $9.33 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the prior year, the firm earned $0.43 EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, equities analysts forecast that TJX Companies Inc will post 4.92 EPS for the current fiscal year.
The business also recently declared 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 yield of 1.42%. TJX Companies’s payout ratio is presently 38.61%.
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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.
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