Sompo Japan Nipponkoa Asset Management CO. LTD. cut its stake in shares of TJX Companies Inc (NYSE:TJX) by 79.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,326 shares of the apparel and home fashions retailer’s stock after selling 84,970 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in TJX Companies were worth $2,389,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Steinberg Global Asset Management boosted its holdings in TJX Companies by 19.2% in the third quarter. Steinberg Global Asset Management now owns 7,100 shares of the apparel and home fashions retailer’s stock valued at $795,000 after purchasing an additional 1,146 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in 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 purchasing an additional 79,223 shares in the last quarter. Gardiner Nancy B acquired a new position in TJX Companies in the third quarter valued at approximately $498,000. WINTON GROUP Ltd boosted its holdings in 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 purchasing an additional 209,410 shares in the last quarter. Finally, Kiwi Wealth Investments Limited Partnership acquired a new position in TJX Companies in the second quarter valued at approximately $3,151,000. 90.12% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on the company. Cowen reaffirmed a “buy” rating and issued a $57.00 price target on shares of TJX Companies in a report on Tuesday, July 31st. Zacks Investment Research downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Citigroup upped their price target on TJX Companies from $48.00 to $55.50 and gave the company a “buy” rating in a report on Tuesday, July 31st. Barclays set a $59.00 price target on TJX Companies and gave the company a “hold” rating in a report on Thursday. Finally, MKM Partners set a $60.00 price target on TJX Companies and gave the company a “buy” rating in a report on Wednesday, August 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $54.08.
TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.06. The business had revenue of $9.33 billion during the quarter, compared to the consensus estimate of $8.99 billion. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. On average, sell-side analysts predict that TJX Companies Inc will post 2.47 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s payout ratio is currently 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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