Rothschild Capital Partners LLC Increases Position in The TJX Cos. (TJX)
Rothschild Capital Partners LLC raised its position in shares of The TJX Cos. (NYSE:TJX) by 2,045.3% during the second quarter, Holdings Channel reports. The fund owned 75,001 shares of the apparel and home fashions retailer’s stock after buying an additional 71,505 shares during the period. The TJX Cos. makes up approximately 3.1% of Rothschild Capital Partners LLC’s portfolio, making the stock its 15th largest position. Rothschild Capital Partners LLC’s holdings in The TJX Cos. were worth $5,792,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Diker Management LLC acquired a new stake in shares of The TJX Cos. during the first quarter worth approximately $213,000. Atria Investments LLC purchased a new position in The TJX Cos. during the second quarter worth about $220,000. Douglas Lane & Associates LLC purchased a new position in The TJX Cos. during the second quarter worth about $218,000. M&R Capital Management Inc. purchased a new position in The TJX Cos. during the first quarter worth about $224,000. Finally, Cacti Asset Management LLC purchased a new position in The TJX Cos. during the second quarter worth about $232,000. 88.84% of the stock is currently owned by hedge funds and other institutional investors.
The TJX Cos. (NYSE:TJX) traded up 0.50% during mid-day trading on Tuesday, hitting $75.06. 3,511,979 shares of the stock were exchanged. The company has a 50-day moving average price of $78.34 and a 200-day moving average price of $77.36. The TJX Cos. has a one year low of $63.53 and a one year high of $83.64. The company has a market cap of $49.29 billion, a P/E ratio of 21.79 and a beta of 0.58.
The TJX Cos. (NYSE:TJX) last released its earnings results on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.03. The TJX Cos. had a return on equity of 52.69% and a net margin of 7.23%. The company had revenue of $7.88 billion for the quarter, compared to analysts’ expectations of $7.85 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts predict that The TJX Cos. will post $3.49 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, November 8th. This represents a $1.04 annualized dividend and a yield of 1.39%. The TJX Cos.’s dividend payout ratio (DPR) is presently 30.15%.
A number of research firms have issued reports on TJX. Goldman Sachs Group Inc. restated a “buy” rating and issued a $92.00 target price on shares of The TJX Cos. in a report on Monday, August 1st. Zacks Investment Research upgraded shares of The TJX Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. BMO Capital Markets restated an “outperform” rating and issued a $85.00 target price on shares of The TJX Cos. in a report on Thursday, August 18th. Morgan Stanley restated a “hold” rating and issued a $77.00 target price on shares of The TJX Cos. in a report on Wednesday, August 17th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $92.00 target price on shares of The TJX Cos. in a report on Wednesday, August 17th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $83.36.
About The TJX Cos.
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.
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