2,507 Shares in TJX Companies Inc (TJX) Purchased by Cpwm LLC
Cpwm LLC bought a new stake in TJX Companies Inc (NYSE:TJX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,507 shares of the apparel and home fashions retailer’s stock, valued at approximately $281,000.
Several other large investors also recently added to or reduced their stakes in TJX. Cornerstone Advisors Inc. increased its position in shares of TJX Companies by 280.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock valued at $106,000 after acquiring an additional 821 shares during the last quarter. Icon Wealth Partners LLC acquired a new position in TJX Companies during the second quarter worth approximately $106,000. Atlas Capital Advisors LLC acquired a new position in TJX Companies during the third quarter worth approximately $107,000. City Holding Co. acquired a new position in TJX Companies during the second quarter worth approximately $114,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in TJX Companies during the third quarter worth approximately $114,000. 44.59% of the stock is currently owned by institutional investors and hedge funds.
TJX has been the topic of a number of recent analyst reports. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Friday, November 16th. ValuEngine downgraded TJX Companies from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 7th. Credit Suisse Group boosted their price target on TJX Companies from $50.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. MKM Partners set a $58.00 price target on TJX Companies and gave the stock a “buy” rating in a research report on Friday, November 30th. Finally, Barclays set a $59.00 price target on TJX Companies and gave the stock a “hold” rating in a research report on Thursday, November 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company’s stock. TJX Companies has an average rating of “Buy” and a consensus target price of $53.19.
TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. TJX Companies had a return on equity of 59.74% and a net margin of 7.98%. The company had revenue of $9.83 billion during the quarter, compared to analysts’ expectations of $9.50 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts predict that TJX Companies Inc will post 2.45 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 14th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Wednesday, February 13th. TJX Companies’s dividend payout ratio is presently 38.61%.
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About TJX Companies
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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