The TJX Cos. (TJX) Stake Raised by Canandaigua National Bank & Trust Co.
Canandaigua National Bank & Trust Co. raised its stake in shares of The TJX Cos. (NYSE:TJX) by 1.0% during the second quarter, Holdings Channel reports. The institutional investor owned 19,529 shares of the apparel and home fashions retailer’s stock after buying an additional 195 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in The TJX Cos. were worth $1,508,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Diker Management LLC purchased a new stake in shares of The TJX Cos. during the first quarter valued at $213,000. Atria Investments LLC purchased a new stake in shares of The TJX Cos. during the second quarter valued at $220,000. Douglas Lane & Associates LLC purchased a new stake in shares of The TJX Cos. during the second quarter valued at $218,000. M&R Capital Management Inc. purchased a new stake in shares of The TJX Cos. during the first quarter valued at $224,000. Finally, Cacti Asset Management LLC purchased a new stake in shares of The TJX Cos. during the second quarter valued at $232,000. 88.77% of the stock is owned by hedge funds and other institutional investors.
The TJX Cos. (NYSE:TJX) traded up 1.39% during trading on Wednesday, hitting $76.10. The stock had a trading volume of 2,458,825 shares. The TJX Cos. has a 12 month low of $63.53 and a 12 month high of $83.64. The stock has a market cap of $49.97 billion, a price-to-earnings ratio of 22.10 and a beta of 0.58. The stock has a 50 day moving average price of $78.22 and a 200-day moving average price of $77.35.
The TJX Cos. (NYSE:TJX) last announced its quarterly earnings results on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 EPS for the quarter, beating analysts’ consensus estimates 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 earned $7.88 billion during the quarter, compared to analyst estimates of $7.85 billion. During the same period in the prior year, the company earned $0.80 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts predict that The TJX Cos. will post $3.49 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, November 8th. The TJX Cos.’s payout ratio is presently 30.15%.
A number of research analysts have weighed in on the company. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $92.00 target price on shares of The TJX Cos. in a report on Monday, August 1st. Zacks Investment Research raised The TJX Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. BMO Capital Markets reaffirmed an “outperform” rating and set a $85.00 target price on shares of The TJX Cos. in a report on Thursday, August 18th. Nomura reaffirmed a “buy” rating and set a $85.00 target price on shares of The TJX Cos. in a report on Wednesday, August 17th. Finally, Wedbush lifted their target price on The TJX Cos. from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The TJX Cos. has a consensus rating of “Buy” and an average price target of $83.36.
The TJX Cos. Company Profile
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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