B. Riley Wealth Management Inc. purchased a new position in TJX Companies Inc (NYSE:TJX) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,791 shares of the apparel and home fashions retailer’s stock, valued at approximately $313,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Cornerstone Advisors Inc. lifted its stake in TJX Companies by 280.2% in 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 buying an additional 821 shares in the last quarter. Alps Advisors Inc. lifted its stake in TJX Companies by 8.3% in the 2nd quarter. Alps Advisors Inc. now owns 16,838 shares of the apparel and home fashions retailer’s stock valued at $1,603,000 after buying an additional 1,291 shares in the last quarter. Martingale Asset Management L P lifted its stake in TJX Companies by 10.5% in the 2nd quarter. Martingale Asset Management L P now owns 5,318 shares of the apparel and home fashions retailer’s stock valued at $507,000 after buying an additional 506 shares in the last quarter. Private Advisor Group LLC lifted its stake in TJX Companies by 121.9% in the 2nd quarter. Private Advisor Group LLC now owns 24,887 shares of the apparel and home fashions retailer’s stock valued at $2,363,000 after buying an additional 13,673 shares in the last quarter. Finally, Sun Life Financial INC lifted its stake in TJX Companies by 623.8% in the 2nd quarter. Sun Life Financial INC now owns 1,701 shares of the apparel and home fashions retailer’s stock valued at $162,000 after buying an additional 1,466 shares in the last quarter. Institutional investors and hedge funds own 44.64% of the company’s stock.
Shares of TJX Companies stock opened at $41.93 on Friday. TJX Companies Inc has a fifty-two week low of $36.41 and a fifty-two week high of $56.64. The firm has a market cap of $53.81 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 1.55.
TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. TJX Companies had a return on equity of 59.74% and a net margin of 7.98%. The company had revenue of $9.83 billion for the quarter, compared to analyst estimates of $9.50 billion. During the same quarter in the prior year, the company posted $1.00 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts expect that TJX Companies Inc will post 2.45 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Thursday, February 14th will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Wednesday, February 13th. TJX Companies’s dividend payout ratio is presently 38.61%.
A number of research firms recently issued reports on TJX. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Friday, November 16th. Nomura reduced their target price on TJX Companies from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, November 21st. Barclays set a $55.00 target price on TJX Companies and gave the company a “hold” rating in a research note on Wednesday, November 21st. MKM Partners set a $58.00 target price on TJX Companies and gave the company a “buy” rating in a research note on Friday, November 30th. Finally, Loop Capital set a $47.00 target price on TJX Companies and gave the company a “hold” rating in a research note on Tuesday, November 20th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $53.58.
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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, 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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