Y Intercept Hong Kong Ltd bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 4,398 shares of the apparel and home fashions retailer’s stock, valued at approximately $345,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. Householder Group Estate & Retirement Specialist LLC bought a new stake in TJX Companies during the first quarter worth approximately $25,000. ICA Group Wealth Management LLC acquired a new position in TJX Companies in the fourth quarter worth approximately $27,000. Freedom Wealth Alliance LLC acquired a new position in TJX Companies in the fourth quarter worth approximately $28,000. Lakewood Asset Management LLC acquired a new position in TJX Companies in the fourth quarter worth approximately $28,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in TJX Companies in the fourth quarter worth approximately $30,000. Institutional investors own 92.26% of the company’s stock.
TJX Companies Stock Down 1.1 %
TJX stock opened at $88.29 on Friday. The firm has a market cap of $101.47 billion, a PE ratio of 25.89, a PEG ratio of 2.29 and a beta of 0.92. The company has a current ratio of 1.20, a quick ratio of 0.58 and a debt-to-equity ratio of 0.45. The TJX Companies, Inc. has a 1 year low of $59.78 and a 1 year high of $90.19. The company has a fifty day simple moving average of $84.39 and a 200 day simple moving average of $80.14.
TJX Companies (NYSE:TJX – Get Free Report) last released its earnings results on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.08. The firm had revenue of $12.76 billion during the quarter, compared to analyst estimates of $12.45 billion. TJX Companies had a net margin of 7.77% and a return on equity of 63.77%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. Sell-side analysts anticipate that The TJX Companies, Inc. will post 3.62 EPS for the current fiscal year.
TJX Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.3325 per share. The ex-dividend date is Wednesday, August 9th. This represents a $1.33 annualized dividend and a dividend yield of 1.51%. TJX Companies’s payout ratio is 39.00%.
Analyst Upgrades and Downgrades
Several research firms have issued reports on TJX. Wells Fargo & Company lifted their price target on shares of TJX Companies from $80.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday. BMO Capital Markets lifted their price objective on shares of TJX Companies from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday. Bank of America lifted their price objective on shares of TJX Companies from $94.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group lifted their price objective on shares of TJX Companies from $88.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Jefferies Financial Group lifted their price objective on shares of TJX Companies from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.95.
TJX Companies Company Profile
The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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; and other merchandise.
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