YHB Investment Advisors Inc. cut its stake in TJX Companies Inc (NYSE:TJX) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,437 shares of the apparel and home fashions retailer’s stock after selling 793 shares during the quarter. YHB Investment Advisors Inc.’s holdings in TJX Companies were worth $5,314,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of TJX. Vontobel Asset Management Inc. acquired a new stake in shares of TJX Companies during the 2nd quarter worth approximately $261,270,000. Bank of Montreal Can acquired a new stake in shares of TJX Companies during the 2nd quarter worth approximately $146,241,000. Charles Schwab Investment Advisory Inc. acquired a new stake in shares of TJX Companies during the 2nd quarter worth approximately $121,730,000. Scopus Asset Management L.P. increased its holdings in shares of TJX Companies by 237.5% during the 2nd quarter. Scopus Asset Management L.P. now owns 550,000 shares of the apparel and home fashions retailer’s stock worth $52,349,000 after buying an additional 950,000 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. acquired a new stake in shares of TJX Companies during the 2nd quarter worth approximately $82,865,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the stock. Morgan Stanley raised their price target on shares of TJX Companies from $99.00 to $119.00 and gave the stock an “overweight” rating in a report on Thursday, August 23rd. MKM Partners set a $120.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Royal Bank of Canada raised their price target on shares of TJX Companies to $114.00 and gave the stock an “outperform” rating in a report on Wednesday, August 22nd. Wells Fargo & Co raised their price target on shares of TJX Companies from $83.00 to $112.00 and gave the stock a “market perform” rating in a report on Wednesday, August 22nd. Finally, Goldman Sachs Group assumed coverage on shares of TJX Companies in a report on Monday, September 3rd. They set a “buy” rating and a $126.00 price target for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $108.12.
TJX Companies shares are scheduled to split on Monday, November 5th. The 2-1 split was announced on Monday, September 17th. The newly issued shares will be distributed to shareholders after the closing bell on Tuesday, November 6th.
TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.12. The business had revenue of $9.33 billion during the quarter, compared to the consensus estimate of $8.99 billion. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, sell-side analysts anticipate that TJX Companies Inc will post 4.92 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be paid a $0.39 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.56 annualized dividend and a dividend yield of 1.44%. TJX Companies’s dividend payout ratio (DPR) is 38.61%.
TJX Companies 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.
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