16,620 Shares in TJX Companies Inc (NYSE:TJX) Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC bought a new position in TJX Companies Inc (NYSE:TJX) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,620 shares of the apparel and home fashions retailer’s stock, valued at approximately $926,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Landmark Bank boosted its position in shares of TJX Companies by 0.3% during the 3rd quarter. Landmark Bank now owns 56,348 shares of the apparel and home fashions retailer’s stock valued at $3,141,000 after acquiring an additional 191 shares during the last quarter. Seelaus Asset Management LLC boosted its position in shares of TJX Companies by 0.9% during the 2nd quarter. Seelaus Asset Management LLC now owns 21,268 shares of the apparel and home fashions retailer’s stock valued at $1,125,000 after acquiring an additional 200 shares during the last quarter. City Holding Co. boosted its position in shares of TJX Companies by 8.3% during the 3rd quarter. City Holding Co. now owns 2,596 shares of the apparel and home fashions retailer’s stock valued at $145,000 after acquiring an additional 200 shares during the last quarter. Webster Bank N. A. boosted its position in shares of TJX Companies by 8.3% during the 3rd quarter. Webster Bank N. A. now owns 2,648 shares of the apparel and home fashions retailer’s stock valued at $147,000 after acquiring an additional 202 shares during the last quarter. Finally, Sfmg LLC boosted its position in shares of TJX Companies by 3.7% during the 2nd quarter. Sfmg LLC now owns 5,892 shares of the apparel and home fashions retailer’s stock valued at $329,000 after acquiring an additional 210 shares during the last quarter. 89.39% of the stock is owned by institutional investors.

TJX has been the subject of a number of research reports. Nomura increased their target price on TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Cowen set a $62.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Tuesday, August 20th. Loop Capital increased their target price on TJX Companies to $65.00 and gave the company a “buy” rating in a research report on Thursday. ValuEngine downgraded TJX Companies from a “sell” rating to a “strong sell” rating in a research report on Monday, September 16th. Finally, Zacks Investment Research upgraded TJX Companies from a “sell” rating to a “hold” rating and set a $64.00 target price for the company in a research report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. TJX Companies currently has a consensus rating of “Buy” and an average target price of $59.89.

Shares of TJX opened at $60.36 on Monday. The company has a market cap of $73.13 billion, a PE ratio of 28.61, a P/E/G ratio of 2.18 and a beta of 0.68. The business has a fifty day moving average of $56.15 and a 200 day moving average of $54.13. TJX Companies Inc has a 52-week low of $41.49 and a 52-week high of $60.89. The company has a quick ratio of 0.48, a current ratio of 1.25 and a debt-to-equity ratio of 1.88.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.62. The company had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $9.89 billion. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. TJX Companies’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $1.17 earnings per share. As a group, research analysts anticipate that TJX Companies Inc will post 2.61 earnings per share for the current fiscal year.

The business also recently declared a — dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a yield of 1.7%. TJX Companies’s dividend payout ratio is presently 43.60%.

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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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

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