TJX Companies Inc (TJX) Position Reduced by FineMark National Bank & Trust

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FineMark National Bank & Trust reduced its holdings in shares of TJX Companies Inc (NYSE:TJX) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,446 shares of the apparel and home fashions retailer’s stock after selling 1,582 shares during the quarter. FineMark National Bank & Trust’s holdings in TJX Companies were worth $10,916,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. WINTON GROUP Ltd increased its position in TJX Companies by 5,860.9% in the third quarter. WINTON GROUP Ltd now owns 212,983 shares of the apparel and home fashions retailer’s stock worth $23,858,000 after buying an additional 209,410 shares during the last quarter. American Century Companies Inc. increased its position in TJX Companies by 12.6% in the third quarter. American Century Companies Inc. now owns 6,617,025 shares of the apparel and home fashions retailer’s stock worth $741,239,000 after buying an additional 740,409 shares during the last quarter. Cadence Capital Management LLC increased its position in TJX Companies by 15.5% in the third quarter. Cadence Capital Management LLC now owns 4,077 shares of the apparel and home fashions retailer’s stock worth $457,000 after buying an additional 546 shares during the last quarter. Gabelli Funds LLC increased its position in TJX Companies by 100.6% in the third quarter. Gabelli Funds LLC now owns 125,200 shares of the apparel and home fashions retailer’s stock worth $14,025,000 after buying an additional 62,800 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in TJX Companies by 128.5% in the third quarter. Gamco Investors INC. ET AL now owns 15,025 shares of the apparel and home fashions retailer’s stock worth $1,683,000 after buying an additional 8,450 shares during the last quarter. Institutional investors and hedge funds own 90.12% of the company’s stock.

A number of analysts have issued reports on TJX shares. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $53.50 target price for the company in a research report on Wednesday, July 18th. Cowen reissued a “buy” rating and issued a $57.00 target price on shares of TJX Companies in a research report on Tuesday, July 31st. Citigroup raised their target price on TJX Companies from $48.00 to $55.50 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Deutsche Bank raised their target price on TJX Companies from $50.00 to $52.50 and gave the stock a “buy” rating in a research report on Monday, August 20th. Finally, Buckingham Research raised their target price on TJX Companies from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, August 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. TJX Companies presently has an average rating of “Buy” and a consensus price target of $54.06.

Shares of NYSE TJX opened at $109.55 on Wednesday. The firm has a market capitalization of $67.75 billion, a PE ratio of 27.12, a P/E/G ratio of 2.04 and a beta of 0.65. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $113.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.06. The company had revenue of $9.33 billion during 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 firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. As a group, equities research analysts predict that TJX Companies Inc will post 4.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.

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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.

Read More: Earnings Per Share (EPS)

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

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