Quadrant Capital Group LLC Raises Position in The TJX Cos. (TJX)
Quadrant Capital Group LLC raised its stake in The TJX Cos. (NYSE:TJX) by 3.2% during the second quarter, Holdings Channel reports. The firm owned 2,686 shares of the apparel and home fashions retailer’s stock after buying an additional 83 shares during the period. Quadrant Capital Group LLC’s holdings in The TJX Cos. were worth $198,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Credit Agricole S A boosted its stake in shares of The TJX Cos. by 166.7% in the first quarter. Credit Agricole S A now owns 1,483,436 shares of the apparel and home fashions retailer’s stock valued at $116,227,000 after buying an additional 927,167 shares during the period. 1832 Asset Management L.P. boosted its stake in shares of The TJX Cos. by 53.5% in the first quarter. 1832 Asset Management L.P. now owns 1,927,500 shares of the apparel and home fashions retailer’s stock valued at $255,225,000 after buying an additional 671,500 shares during the period. Bessemer Group Inc. boosted its stake in shares of The TJX Cos. by 1,007.6% in the first quarter. Bessemer Group Inc. now owns 679,358 shares of the apparel and home fashions retailer’s stock valued at $53,227,000 after buying an additional 618,024 shares during the period. Capital Fund Management S.A. acquired a new stake in shares of The TJX Cos. during the second quarter valued at about $46,705,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of The TJX Cos. during the first quarter valued at about $42,771,000. 88.78% of the stock is currently owned by institutional investors.
Shares of The TJX Cos. (NYSE:TJX) traded up 0.03% during trading on Thursday, reaching $74.22. The company had a trading volume of 2,575,464 shares. The TJX Cos. has a 52-week low of $63.53 and a 52-week high of $83.64. The company has a market capitalization of $48.74 billion, a P/E ratio of 21.55 and a beta of 0.65. The firm has a 50-day moving average price of $76.36 and a 200-day moving average price of $77.27.
The TJX Cos. (NYSE:TJX) last released its quarterly earnings data 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 company had revenue of $7.88 billion for the quarter, compared to the consensus estimate of $7.85 billion. The TJX Cos. had a return on equity of 52.69% and a net margin of 7.23%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $0.80 EPS. On average, analysts predict that The TJX Cos. will post $3.49 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be issued a $0.26 dividend. The ex-dividend date of this dividend 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 (DPR) is 30.15%.
TJX has been the topic of several recent research reports. Wells Fargo & Co. reaffirmed a “buy” rating on shares of The TJX Cos. in a research note on Monday, June 27th. BMO Capital Markets reiterated an “outperform” rating and set a $85.00 price target on shares of The TJX Cos. in a report on Thursday, June 30th. Miller Tabak initiated coverage on The TJX Cos. in a report on Friday, June 24th. They set a “buy” rating and a $91.00 price target on the stock. Zacks Investment Research lowered The TJX Cos. from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of The TJX Cos. in a report on Tuesday, June 14th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The TJX Cos. currently has a consensus rating of “Buy” and an average price target of $83.44.
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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