Berkshire Asset Management LLC PA bought a new stake in shares of TJX Companies Inc (NYSE:TJX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,921 shares of the apparel and home fashions retailer’s stock, valued at approximately $215,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in TJX. Bank of New York Mellon Corp grew its stake in TJX Companies by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 19,231,563 shares of the apparel and home fashions retailer’s stock worth $1,830,461,000 after purchasing an additional 715,960 shares in the last quarter. Northern Trust Corp grew its stake in TJX Companies by 1.6% in the second quarter. Northern Trust Corp now owns 8,480,758 shares of the apparel and home fashions retailer’s stock worth $807,199,000 after purchasing an additional 135,091 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt grew its stake in TJX Companies by 2.5% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 8,257,538 shares of the apparel and home fashions retailer’s stock worth $785,952,000 after purchasing an additional 200,000 shares in the last quarter. American Century Companies Inc. grew its stake in TJX Companies by 5.3% in the second quarter. American Century Companies Inc. now owns 5,876,616 shares of the apparel and home fashions retailer’s stock worth $559,336,000 after purchasing an additional 295,891 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its stake in 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 purchasing an additional 3,275,557 shares in the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE TJX opened at $109.44 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43. The firm has a market cap of $69.54 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 2.09 and a beta of 0.71. TJX Companies Inc has a 12-month low of $66.44 and a 12-month high of $113.28.
TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.12. The business had revenue of $9.33 billion for the quarter, compared to analysts’ expectations of $8.99 billion. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. As a group, equities research analysts expect that TJX Companies Inc will post 4.92 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.56 annualized dividend and a yield of 1.43%. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.
TJX has been the topic of several research analyst reports. Goldman Sachs Group initiated coverage on TJX Companies in a research note on Monday, September 3rd. They issued a “buy” rating and a $126.00 price objective on the stock. Deutsche Bank increased their price objective on TJX Companies from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, August 20th. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Tuesday, July 24th. Telsey Advisory Group increased their price objective on TJX Companies from $92.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 22nd. Finally, SunTrust Banks increased their price objective on TJX Companies to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $107.56.
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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