Chemical Bank Decreases Position in TJX Companies Inc (TJX)

Chemical Bank reduced its stake in shares of TJX Companies Inc (NYSE:TJX) by 4.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,216 shares of the apparel and home fashions retailer’s stock after selling 516 shares during the quarter. Chemical Bank’s holdings in TJX Companies were worth $1,256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Weybosset Research & Management LLC raised its position in TJX Companies by 0.6% during the third quarter. Weybosset Research & Management LLC now owns 75,751 shares of the apparel and home fashions retailer’s stock valued at $8,486,000 after acquiring an additional 478 shares in the last quarter. Waverton Investment Management Ltd raised its position in TJX Companies by 3.7% during the second quarter. Waverton Investment Management Ltd now owns 13,927 shares of the apparel and home fashions retailer’s stock valued at $1,326,000 after acquiring an additional 501 shares in the last quarter. Martingale Asset Management L P raised its position in TJX Companies by 10.5% during the second quarter. Martingale Asset Management L P now owns 5,318 shares of the apparel and home fashions retailer’s stock valued at $507,000 after acquiring an additional 506 shares in the last quarter. Tdam USA Inc. raised its position in shares of TJX Companies by 0.5% in the third quarter. Tdam USA Inc. now owns 114,664 shares of the apparel and home fashions retailer’s stock valued at $11,394,000 after purchasing an additional 525 shares during the period. Finally, Reilly Herbert Faulkner III raised its position in shares of TJX Companies by 0.9% in the second quarter. Reilly Herbert Faulkner III now owns 61,505 shares of the apparel and home fashions retailer’s stock valued at $5,854,000 after purchasing an additional 536 shares during the period. 90.12% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on TJX shares. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $53.50 price target on the stock in a research report on Wednesday, July 18th. Cowen reissued a “buy” rating and issued a $57.00 price target on shares of TJX Companies in a research report on Tuesday, July 31st. Citigroup lifted their price target on shares of TJX Companies from $48.00 to $55.50 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Deutsche Bank lifted their price target on shares of TJX Companies from $50.00 to $52.50 and gave the company a “buy” rating in a research report on Monday, August 20th. Finally, Buckingham Research lifted their price target 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company’s stock. TJX Companies presently has an average rating of “Buy” and an average target price of $54.08.

Shares of TJX stock opened at $55.64 on Friday. TJX Companies Inc has a 1 year low of $33.22 and a 1 year high of $56.64. The firm has a market cap of $67.79 billion, a P/E ratio of 27.54, 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 quick ratio of 0.77 and a current ratio of 1.64.

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, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. TJX Companies’s revenue was up 11.6% compared to the same quarter last year. Analysts predict that TJX Companies Inc will post 2.47 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Wednesday, November 14th. TJX Companies’s dividend payout ratio (DPR) is currently 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.

Read More: Are all No-Load Funds Equal?

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

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