Trillium Asset Management LLC raised its stake in shares of The TJX Cos. (NYSE:TJX) by 2.1% during the second quarter, Holdings Channel reports. The firm owned 255,495 shares of the apparel and home fashions retailer’s stock after buying an additional 5,353 shares during the period. The TJX Cos. comprises approximately 1.3% of Trillium Asset Management LLC’s holdings, making the stock its 13th largest position. Trillium Asset Management LLC’s holdings in The TJX Cos. were worth $19,732,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Diker Management LLC bought a new stake in shares of The TJX Cos. during the first quarter worth $213,000. Douglas Lane & Associates LLC bought a new stake in shares of The TJX Cos. during the second quarter worth $218,000. Atria Investments LLC bought a new stake in shares of The TJX Cos. during the second quarter worth $220,000. M&R Capital Management Inc. bought a new stake in shares of The TJX Cos. during the first quarter worth $224,000. Finally, Cacti Asset Management LLC bought a new stake in shares of The TJX Cos. during the second quarter worth $232,000. 88.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of The TJX Cos. (NYSE:TJX) traded up 0.05% during trading on Tuesday, hitting $74.39. 2,712,066 shares of the stock were exchanged. The company has a market cap of $48.85 billion, a price-to-earnings ratio of 21.60 and a beta of 0.65. The TJX Cos. has a one year low of $63.53 and a one year high of $83.64. The stock’s 50 day moving average price is $76.70 and its 200-day moving average price is $77.32.
The TJX Cos. (NYSE:TJX) last released its earnings results on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The business earned $7.88 billion during the quarter, compared to analysts’ expectations of $7.85 billion. The TJX Cos. had a net margin of 7.23% and a return on equity of 52.69%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 earnings per share. On average, analysts predict that The TJX Cos. will post $3.49 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.40%. The TJX Cos.’s dividend payout ratio is currently 30.15%.
TJX has been the subject of a number of research reports. Nomura reiterated a “buy” rating and set a $85.00 target price on shares of The TJX Cos. in a research note on Wednesday, August 17th. Wells Fargo & Co. restated a “buy” rating on shares of The TJX Cos. in a research note on Monday, June 27th. Miller Tabak began coverage on The TJX Cos. in a research note on Friday, June 24th. They issued a “buy” rating and a $91.00 price objective for the company. Deutsche Bank AG restated a “buy” rating on shares of The TJX Cos. in a research note on Tuesday, June 14th. Finally, Zacks Investment Research upgraded The TJX Cos. from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Tuesday, July 5th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The TJX Cos. has a consensus rating of “Buy” and an average price target of $83.44.
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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