TJX Companies Inc (TJX) Shares Bought by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of TJX Companies Inc (NYSE:TJX) by 162.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 491,683 shares of the apparel and home fashions retailer’s stock after buying an additional 304,515 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.08% of TJX Companies worth $55,078,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Gardiner Nancy B purchased a new position in shares of TJX Companies in the third quarter worth about $498,000. Wells Fargo & Company MN boosted its position in shares of TJX Companies by 1.4% in the third quarter. Wells Fargo & Company MN now owns 5,766,367 shares of the apparel and home fashions retailer’s stock valued at $645,949,000 after acquiring an additional 79,223 shares during the period. Kiwi Wealth Investments Limited Partnership bought a new position in shares of TJX Companies in the second quarter valued at approximately $3,151,000. WINTON GROUP Ltd boosted its position in shares of 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 valued at $23,858,000 after acquiring an additional 209,410 shares during the period. Finally, First Republic Investment Management Inc. boosted its position in shares of TJX Companies by 13.6% in the second quarter. First Republic Investment Management Inc. now owns 410,924 shares of the apparel and home fashions retailer’s stock valued at $39,112,000 after acquiring an additional 49,203 shares during the period. Institutional investors and hedge funds own 90.12% of the company’s stock.

A number of equities analysts have recently commented on the stock. Guggenheim restated a “buy” rating on shares of TJX Companies in a research report on Tuesday, August 21st. Zacks Investment Research lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. ValuEngine lowered shares of TJX Companies from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Barclays assumed coverage on shares of TJX Companies in a research report on Tuesday, September 11th. They issued an “equal weight” rating and a $58.50 price objective for the company. Finally, DA Davidson assumed coverage on shares of TJX Companies in a research report on Tuesday, September 25th. They issued a “buy” rating and a $65.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $54.06.

Shares of TJX Companies stock opened at $55.42 on Thursday. TJX Companies Inc has a 1 year low of $33.22 and a 1 year high of $56.64. The company has a market cap of $67.79 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 2.04 and a beta of 0.65. 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 earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.06. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The business had revenue of $9.33 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same period in the previous year, the business posted $0.43 earnings per share. TJX Companies’s revenue for the quarter was up 11.6% on a year-over-year basis. Equities research analysts predict that TJX Companies Inc will post 4.93 earnings per share for the current fiscal 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 2.81%. TJX Companies’s payout ratio is presently 38.61%.

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About TJX Companies

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

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