Cypress Capital Group Has $10.03 Million Stock Position in TJX Companies Inc (NYSE:TJX)

Cypress Capital Group increased its stake in TJX Companies Inc (NYSE:TJX) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,917 shares of the apparel and home fashions retailer’s stock after purchasing an additional 663 shares during the period. TJX Companies accounts for 1.9% of Cypress Capital Group’s portfolio, making the stock its 10th largest holding. Cypress Capital Group’s holdings in TJX Companies were worth $10,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TJX. United Bank raised its position in shares of TJX Companies by 7.9% during the 1st quarter. United Bank now owns 12,204 shares of the apparel and home fashions retailer’s stock valued at $649,000 after acquiring an additional 897 shares during the last quarter. First Trust Advisors LP raised its position in shares of TJX Companies by 9.3% during the 1st quarter. First Trust Advisors LP now owns 1,558,955 shares of the apparel and home fashions retailer’s stock valued at $82,952,000 after acquiring an additional 132,858 shares during the last quarter. Fiera Capital Corp raised its position in shares of TJX Companies by 5.3% during the 1st quarter. Fiera Capital Corp now owns 12,587,070 shares of the apparel and home fashions retailer’s stock valued at $669,759,000 after acquiring an additional 638,947 shares during the last quarter. Glassman Wealth Services raised its position in shares of TJX Companies by 9.7% during the 1st quarter. Glassman Wealth Services now owns 2,140 shares of the apparel and home fashions retailer’s stock valued at $114,000 after acquiring an additional 190 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of TJX Companies by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 2,280,734 shares of the apparel and home fashions retailer’s stock valued at $121,358,000 after acquiring an additional 9,466 shares during the last quarter. Hedge funds and other institutional investors own 89.16% of the company’s stock.

Several brokerages have commented on TJX. Nomura upped their target price on shares of TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Loop Capital upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and upped their target price for the company from $50.00 to $60.00 in a research report on Friday, August 16th. ValuEngine cut shares of TJX Companies from a “sell” rating to a “strong sell” rating in a research report on Monday, September 16th. Zacks Investment Research upgraded shares of TJX Companies from a “sell” rating to a “hold” rating and set a $57.00 target price for the company in a research report on Friday, October 4th. Finally, MKM Partners set a $62.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. TJX Companies currently has a consensus rating of “Buy” and a consensus target price of $59.22.

Shares of TJX stock traded up $1.32 on Thursday, hitting $57.43. The stock had a trading volume of 5,720,229 shares, compared to its average volume of 5,036,343. TJX Companies Inc has a twelve month low of $41.49 and a twelve month high of $57.31. The firm has a market cap of $68.57 billion, a P/E ratio of 27.22, a PEG ratio of 2.01 and a beta of 0.68. The company has a current ratio of 1.25, a quick ratio of 0.48 and a debt-to-equity ratio of 1.88. The company has a fifty day moving average price of $55.13 and a two-hundred day moving average price of $53.86.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The company had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the previous year, the business earned $1.17 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. On average, analysts expect that TJX Companies Inc will post 2.61 earnings per share for the current year.

The company also recently declared a — dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a $0.23 dividend. This represents a dividend yield of 1.7%. The ex-dividend date is Wednesday, November 13th. TJX Companies’s dividend payout ratio (DPR) is 43.60%.

TJX Companies 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.

Further Reading: What are some reasons analysts would give stocks a buy rating?

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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