FTB Advisors Inc. reduced its holdings in TJX Companies Inc (NYSE:TJX) by 7.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,730 shares of the apparel and home fashions retailer’s stock after selling 516 shares during the quarter. FTB Advisors Inc.’s holdings in TJX Companies were worth $2,467,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of TJX Companies by 2.8% during the first quarter. Principal Financial Group Inc. now owns 1,801,237 shares of the apparel and home fashions retailer’s stock worth $146,908,000 after buying an additional 49,119 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of TJX Companies by 2.8% during the second quarter. Handelsbanken Fonder AB now owns 133,186 shares of the apparel and home fashions retailer’s stock worth $12,677,000 after buying an additional 3,686 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of TJX Companies by 8.3% during the second quarter. Raymond James Trust N.A. now owns 10,730 shares of the apparel and home fashions retailer’s stock worth $1,021,000 after buying an additional 820 shares in the last quarter. Gofen & Glossberg LLC IL bought a new position in shares of TJX Companies during the second quarter worth about $4,970,000. Finally, First Citizens Bank & Trust Co. bought a new position in shares of TJX Companies during the second quarter worth about $479,000. Institutional investors own 90.12% of the company’s stock.
A number of research analysts recently issued reports on the company. Guggenheim reiterated a “buy” rating on shares of TJX Companies in a report on Tuesday, August 21st. Zacks Investment Research downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. ValuEngine downgraded TJX Companies from a “sell” rating to a “strong sell” rating in a report on Wednesday. Barclays set a $59.00 price objective on TJX Companies and gave the stock a “hold” rating in a report on Thursday. Finally, DA Davidson assumed coverage on TJX Companies in a report on Tuesday, September 25th. They set 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 issued a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $54.08.
TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $9.33 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same period last year, the firm posted $0.43 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. On average, research analysts predict that TJX Companies Inc will post 2.47 earnings per share for the current fiscal year.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.81%. TJX Companies’s payout ratio is 77.23%.
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 each part of a balance sheet
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