United Bank acquired a new stake in shares of TJX Companies Inc (NYSE:TJX) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,339 shares of the apparel and home fashions retailer’s stock, valued at approximately $486,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vontobel Asset Management Inc. purchased a new position in shares of TJX Companies in the 2nd quarter valued at $261,270,000. Bank of Montreal Can purchased a new position in shares of TJX Companies in the 2nd quarter valued at $146,241,000. Charles Schwab Investment Advisory Inc. purchased a new position in shares of TJX Companies in the 2nd quarter valued at $121,730,000. Scopus Asset Management L.P. grew its position in shares of TJX Companies by 237.5% in the 2nd quarter. Scopus Asset Management L.P. now owns 550,000 shares of the apparel and home fashions retailer’s stock valued at $52,349,000 after buying an additional 950,000 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. purchased a new position in shares of TJX Companies in the 2nd quarter valued at $82,865,000. 90.12% of the stock is owned by institutional investors.
TJX has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $53.50 target price on the stock in a research report on Wednesday, July 18th. Guggenheim reaffirmed a “buy” rating on shares of TJX Companies in a research report on Tuesday, August 21st. Buckingham Research increased their target price on shares of TJX Companies from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, August 20th. Deutsche Bank raised their price objective on shares of TJX Companies from $50.00 to $52.50 and gave the stock a “buy” rating in a research report on Monday, August 20th. Finally, Citigroup raised their price objective on shares of TJX Companies from $48.00 to $55.50 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Two investment 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 a consensus rating of “Buy” and a consensus target price of $54.08.
TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $9.33 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter last year, the business earned $0.43 EPS. The business’s revenue was up 11.6% on a year-over-year basis. On average, research analysts forecast that TJX Companies Inc will post 4.93 EPS for the current year.
The company also recently announced 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 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.
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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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