Whitnell & Co. Acquires 3,275 Shares of TJX Companies Inc (NYSE:TJX)

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Whitnell & Co. lifted its holdings in TJX Companies Inc (NYSE:TJX) by 15.1% during the third quarter, HoldingsChannel.com reports. The firm owned 25,000 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,275 shares during the period. Whitnell & Co.’s holdings in TJX Companies were worth $1,394,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Krane Funds Advisors LLC bought a new stake in shares of TJX Companies in the second quarter worth $25,000. Prestige Wealth Management Group LLC bought a new stake in TJX Companies during the second quarter worth $25,000. Strategic Blueprint LLC bought a new stake in TJX Companies during the third quarter worth $32,000. Capital Advisors Ltd. LLC raised its position in TJX Companies by 202.6% during the second quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock worth $31,000 after acquiring an additional 393 shares in the last quarter. Finally, Bridger Capital Management LLC bought a new stake in TJX Companies during the third quarter worth $40,000. 89.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of TJX stock traded down $0.07 on Friday, hitting $59.23. The company’s stock had a trading volume of 2,262,721 shares, compared to its average volume of 5,843,974. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.48 and a current ratio of 1.25. The stock’s 50 day moving average is $57.44 and its 200-day moving average is $54.64. TJX Companies Inc has a fifty-two week low of $41.49 and a fifty-two week high of $60.89. The company has a market capitalization of $71.62 billion, a PE ratio of 28.07, a PEG ratio of 2.14 and a beta of 0.67.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate 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 the consensus estimate of $9.89 billion. During the same period in the prior year, the company posted $1.17 earnings per share. TJX Companies’s revenue was up 4.8% compared to the same quarter last year. On average, research analysts forecast that TJX Companies Inc will post 2.61 earnings per share for the current year.

The firm also recently declared a — dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, November 13th. This represents a dividend yield of 1.7%. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.

Several equities analysts have commented on TJX shares. Cowen set a $62.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Tuesday, August 20th. Loop Capital upped their price objective on shares of TJX Companies to $65.00 and gave the company a “buy” rating in a report on Thursday, October 17th. ValuEngine downgraded shares of TJX Companies from a “sell” rating to a “strong sell” rating in a report on Monday, November 4th. UBS Group upgraded shares of TJX Companies from a “sell” rating to a “neutral” rating and upped their price objective for the company from $41.00 to $58.00 in a report on Tuesday, September 17th. Finally, Nomura started coverage on shares of TJX Companies in a report on Thursday. They issued a “buy” rating and a $65.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $60.17.

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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