The TJX Cos. (TJX) Position Boosted by National Pension Service
National Pension Service boosted its position in The TJX Cos. (NYSE:TJX) by 8.5% during the third quarter, Holdings Channel reports. The firm owned 454,914 shares of the apparel and home fashions retailer’s stock after buying an additional 35,552 shares during the period. National Pension Service’s holdings in The TJX Cos. were worth $34,018,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the company. Global X Management Co. LLC raised its position in shares of The TJX Cos. by 143.1% in the second quarter. Global X Management Co. LLC now owns 1,405 shares of the apparel and home fashions retailer’s stock worth $109,000 after buying an additional 827 shares during the period. Signaturefd LLC raised its position in shares of The TJX Cos. by 4.0% in the second quarter. Signaturefd LLC now owns 1,641 shares of the apparel and home fashions retailer’s stock worth $127,000 after buying an additional 63 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of The TJX Cos. during the second quarter worth $131,000. Point72 Asia Hong Kong Ltd purchased a new position in shares of The TJX Cos. during the second quarter worth $131,000. Finally, Westbourne Investment Advisors Inc. purchased a new position in shares of The TJX Cos. during the second quarter worth $143,000. Institutional investors own 85.94% of the company’s stock.
Shares of The TJX Cos. (NYSE:TJX) traded up 0.46% on Tuesday, reaching $79.01. The company had a trading volume of 485,310 shares. The TJX Cos. has a one year low of $65.64 and a one year high of $83.64. The company’s 50-day moving average is $74.73 and its 200-day moving average is $76.63. The company has a market capitalization of $52.28 billion, a PE ratio of 23.14 and a beta of 0.69.
The TJX Cos. (NYSE:TJX) last issued its earnings results on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The TJX Cos. had a net margin of 7.00% and a return on equity of 53.12%. The business had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts predict that The TJX Cos. will post $3.48 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be issued 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 yield of 1.31%. The TJX Cos.’s payout ratio is 30.41%.
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A number of equities analysts have recently weighed in on the company. Jefferies Group reiterated a “hold” rating and set a $77.00 target price on shares of The TJX Cos. in a research note on Wednesday, November 16th. Telsey Advisory Group increased their price target on The TJX Cos. from $78.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 16th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $92.00 price target on shares of The TJX Cos. in a research report on Wednesday, August 17th. RBC Capital Markets reduced their price target on The TJX Cos. from $84.00 to $80.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 16th. Finally, Zacks Investment Research raised The TJX Cos. from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Wednesday, November 16th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The TJX Cos. has an average rating of “Buy” and a consensus price target of $83.64.
In other The TJX Cos. news, EVP Kenneth Canestrari sold 6,701 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $79.56, for a total transaction of $533,131.56. Following the sale, the executive vice president now owns 64,871 shares of the company’s stock, valued at approximately $5,161,136.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.
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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