Dupont Capital Management Corp Has $17.62 Million Holdings in TJX Companies Inc (TJX)

Dupont Capital Management Corp trimmed its stake in TJX Companies Inc (NYSE:TJX) by 10.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 157,314 shares of the apparel and home fashions retailer’s stock after selling 18,737 shares during the period. Dupont Capital Management Corp’s holdings in TJX Companies were worth $17,622,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TJX. Vontobel Asset Management Inc. bought a new stake in TJX Companies in the second quarter valued at $261,270,000. Bank of Montreal Can bought a new stake in TJX Companies in the second quarter valued at $146,241,000. Charles Schwab Investment Advisory Inc. bought a new stake in TJX Companies in the second quarter valued at $121,730,000. Scopus Asset Management L.P. boosted its stake in TJX Companies by 237.5% in the second quarter. Scopus Asset Management L.P. now owns 550,000 shares of the apparel and home fashions retailer’s stock worth $52,349,000 after purchasing an additional 950,000 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. acquired a new position in TJX Companies in the second quarter worth $82,865,000. Hedge funds and other institutional investors own 90.12% of the company’s stock.

Shares of TJX opened at $55.54 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. TJX Companies Inc has a 12-month low of $33.22 and a 12-month high of $56.64. The firm has a market cap of $67.79 billion, a PE ratio of 13.75, a PEG ratio of 2.04 and a beta of 0.65.

TJX Companies (NYSE:TJX) last issued its quarterly 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 return on equity of 58.66% and a net margin of 7.88%. The business had revenue of $9.33 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. Research analysts anticipate that TJX Companies Inc will post 4.93 EPS for the current fiscal 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 dividend of $0.39 per share. 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%.

A number of equities analysts have commented on the company. Citigroup boosted their price objective on TJX Companies from $48.00 to $55.50 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Cowen reissued a “buy” rating and issued a $57.00 price objective on shares of TJX Companies in a research note on Tuesday, July 31st. Barclays set a $59.00 price objective on TJX Companies and gave the stock a “hold” rating in a research note on Thursday. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $53.50 price objective on the stock in a research note on Wednesday, July 18th. Finally, Loop Capital reissued a “hold” rating and issued a $52.50 price objective on shares of TJX Companies in a research note on Tuesday, August 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $54.08.

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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.

Further Reading: Understanding Market Liquidity

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

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