Prospera Financial Services Inc trimmed its position in TJX Companies Inc (NYSE:TJX) by 35.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,301 shares of the apparel and home fashions retailer’s stock after selling 1,257 shares during the quarter. Prospera Financial Services Inc’s holdings in TJX Companies were worth $236,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in TJX. Cornerstone Advisors Inc. raised its position in TJX Companies by 280.2% during the second 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 in the last quarter. Icon Wealth Partners LLC purchased a new position in TJX Companies during the second quarter valued at approximately $106,000. North Star Investment Management Corp. purchased a new position in TJX Companies during the second quarter valued at approximately $114,000. City Holding Co. purchased a new position in TJX Companies during the second quarter valued at approximately $114,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in TJX Companies during the third quarter valued at approximately $114,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.
Shares of TJX opened at $108.40 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43. TJX Companies Inc has a 12 month low of $66.44 and a 12 month high of $113.28. The company has a market capitalization of $65.92 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.99 and a beta of 0.71.
TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.12. The firm had revenue of $9.33 billion for the quarter, compared to analyst estimates 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 was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. Research analysts anticipate that TJX Companies Inc will post 4.92 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s dividend payout ratio is presently 38.61%.
Several brokerages recently weighed in on TJX. Cowen reiterated a “buy” rating and set a $114.00 price target on shares of TJX Companies in a research report on Tuesday, July 31st. Zacks Investment Research cut TJX Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Citigroup lifted their price target on TJX Companies from $96.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. MKM Partners set a $120.00 price objective on TJX Companies and gave the company a “buy” rating in a report on Wednesday, August 22nd. Finally, Wells Fargo & Co raised their price objective on TJX Companies from $83.00 to $112.00 and gave the company a “market perform” rating in a report on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $108.12.
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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