Vestmark Advisory Solutions Inc. Grows Stock Holdings in TJX Companies Inc (NYSE:TJX)

Vestmark Advisory Solutions Inc. raised its position in TJX Companies Inc (NYSE:TJX) by 11.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,249 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,816 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in TJX Companies were worth $1,017,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Grimes & Company Inc. increased its position in shares of TJX Companies by 1.8% in the third quarter. Grimes & Company Inc. now owns 9,886 shares of the apparel and home fashions retailer’s stock valued at $551,000 after acquiring an additional 172 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of TJX Companies during the third quarter valued at about $1,438,000. Fishman Jay A Ltd. MI purchased a new position in shares of TJX Companies during the third quarter valued at about $1,260,000. Benjamin F. Edwards & Company Inc. increased its position in shares of TJX Companies by 62.7% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 5,096 shares of the apparel and home fashions retailer’s stock valued at $284,000 after buying an additional 1,964 shares during the period. Finally, Whitnell & Co. increased its position in shares of TJX Companies by 15.1% during the third quarter. Whitnell & Co. now owns 25,000 shares of the apparel and home fashions retailer’s stock valued at $1,394,000 after buying an additional 3,275 shares during the period. Hedge funds and other institutional investors own 89.33% of the company’s stock.

Several brokerages recently issued reports on TJX. Loop Capital boosted their price target on shares of TJX Companies to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. DA Davidson set a $65.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, August 21st. ValuEngine cut shares of TJX Companies from a “sell” rating to a “strong sell” rating in a research report on Monday, November 4th. UBS Group upgraded shares of TJX Companies from a “sell” rating to a “neutral” rating and boosted their price target for the company from $41.00 to $58.00 in a research report on Tuesday, September 17th. Finally, Cowen set a $62.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $61.17.

TJX traded up $0.04 during midday trading on Wednesday, reaching $58.44. The company’s stock had a trading volume of 3,997,616 shares, compared to its average volume of 5,811,904. The firm has a market capitalization of $71.61 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 2.14 and a beta of 0.67. The company has a current ratio of 1.25, a quick ratio of 0.48 and a debt-to-equity ratio of 1.88. TJX Companies Inc has a 1 year low of $41.49 and a 1 year high of $60.89. The stock’s 50-day moving average is $57.74 and its 200-day moving average is $54.71.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.62. The business had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.89 billion. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 earnings per share. As a group, equities research analysts forecast that TJX Companies Inc will post 2.61 earnings per share for the current fiscal year.

The firm also recently disclosed a — dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.23 dividend. This represents a yield of 1.7%. The ex-dividend date is Wednesday, November 13th. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.

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, 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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