Foster & Motley Inc. Reduces Stock Holdings in TJX Companies Inc (NYSE:TJX)

Foster & Motley Inc. reduced its stake in TJX Companies Inc (NYSE:TJX) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,205 shares of the apparel and home fashions retailer’s stock after selling 205 shares during the period. Foster & Motley Inc.’s holdings in TJX Companies were worth $2,575,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in TJX. Krane Funds Advisors LLC purchased a new position in TJX Companies in the second quarter valued at approximately $25,000. Prestige Wealth Management Group LLC purchased a new position in TJX Companies in the second quarter valued at approximately $25,000. Capital Advisors Ltd. LLC increased its stake in TJX Companies by 202.6% in the second quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock valued at $31,000 after purchasing an additional 393 shares during the last quarter. Strategic Blueprint LLC purchased a new position in TJX Companies in the third quarter valued at approximately $32,000. Finally, Manchester Financial Inc. purchased a new position in TJX Companies in the second quarter valued at approximately $37,000. Institutional investors own 89.39% of the company’s stock.

Shares of TJX opened at $59.11 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.48 and a debt-to-equity ratio of 1.88. The firm has a market cap of $72.15 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 2.15 and a beta of 0.68. The company’s 50 day simple moving average is $56.74 and its 200-day simple moving average is $54.32. TJX Companies Inc has a 12-month low of $41.49 and a 12-month high of $60.89.

TJX Companies (NYSE:TJX) last announced its 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. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The business had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same period last year, the firm posted $1.17 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities research analysts forecast that TJX Companies Inc will post 2.61 EPS 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 issued a dividend of $0.23 per share. This represents a dividend yield of 1.7%. The ex-dividend date is Wednesday, November 13th. TJX Companies’s dividend payout ratio is presently 43.60%.

Several brokerages have commented on TJX. UBS Group upgraded shares of TJX Companies from a “sell” rating to a “neutral” rating and increased their price target for the company from $41.00 to $58.00 in a research note on Tuesday, September 17th. Zacks Investment Research upgraded shares of TJX Companies from a “sell” rating to a “hold” rating and set a $64.00 target price on the stock in a research report on Friday, October 18th. ValuEngine lowered shares of TJX Companies from a “sell” rating to a “strong sell” rating in a research report on Monday, September 16th. Cowen set a $62.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Finally, DA Davidson set a $65.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. TJX Companies currently has a consensus rating of “Buy” and an average price target of $59.89.

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, 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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