TJX Companies Inc (TJX) Position Lowered by Swiss National Bank

Swiss National Bank lowered its position in TJX Companies Inc (NYSE:TJX) by 3.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,678,621 shares of the apparel and home fashions retailer’s stock after selling 109,000 shares during the period. Swiss National Bank’s holdings in TJX Companies were worth $300,059,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norinchukin Bank The boosted its stake in shares of TJX Companies by 13.5% during the 3rd quarter. Norinchukin Bank The now owns 80,656 shares of the apparel and home fashions retailer’s stock worth $9,035,000 after buying an additional 9,608 shares during the last quarter. Chartwell Investment Partners LLC boosted its stake in shares of TJX Companies by 20.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 42,354 shares of the apparel and home fashions retailer’s stock worth $4,744,000 after buying an additional 7,306 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of TJX Companies by 2.2% during the 3rd quarter. Commonwealth Bank of Australia now owns 64,883 shares of the apparel and home fashions retailer’s stock worth $7,263,000 after buying an additional 1,400 shares during the last quarter. Wade G W & Inc. acquired a new position in shares of TJX Companies during the 3rd quarter worth about $206,000. Finally, MML Investors Services LLC boosted its stake in shares of TJX Companies by 102.2% during the 3rd quarter. MML Investors Services LLC now owns 32,829 shares of the apparel and home fashions retailer’s stock worth $3,678,000 after buying an additional 16,592 shares during the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.

TJX has been the subject of a number of recent research reports. Telsey Advisory Group increased their price objective on shares of TJX Companies from $46.00 to $55.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 22nd. DA Davidson initiated coverage on shares of TJX Companies in a research note on Tuesday, September 25th. They set a “buy” rating and a $65.00 price objective for the company. Buckingham Research increased their price objective on shares of TJX Companies from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, August 20th. Loop Capital restated a “hold” rating and set a $52.50 price objective on shares of TJX Companies in a research note on Tuesday, August 21st. Finally, Credit Suisse Group increased their price objective on shares of TJX Companies from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 22nd. Two 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. The stock currently has an average rating of “Buy” and a consensus target price of $54.08.

Shares of NYSE:TJX opened at $51.92 on Thursday. TJX Companies Inc has a 52-week low of $33.50 and a 52-week high of $56.64. The stock has a market capitalization of $67.53 billion, a P/E ratio of 25.70, a PEG ratio of 2.03 and a beta of 0.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77.

TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 earnings per share (EPS) for the quarter, beating 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 business had revenue of $9.33 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same period last year, the business posted $0.43 EPS. TJX Companies’s revenue was up 11.6% on a year-over-year basis. On average, sell-side analysts expect that TJX Companies Inc will post 2.47 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.56 annualized dividend and a yield of 3.00%. TJX Companies’s dividend payout ratio (DPR) 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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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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