Aspiriant LLC Decreases Position in TJX Companies Inc (TJX)
Aspiriant LLC cut its stake in shares of TJX Companies Inc (NYSE:TJX) by 5.9% during the 3rd quarter, Holdings Channel reports. The firm owned 26,424 shares of the apparel and home fashions retailer’s stock after selling 1,667 shares during the period. Aspiriant LLC’s holdings in TJX Companies were worth $2,960,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Kiwi Wealth Investments Limited Partnership bought a new stake in shares of TJX Companies during the 2nd quarter valued at approximately $3,151,000. First Republic Investment Management Inc. boosted its position in TJX Companies by 13.6% during the 2nd quarter. First Republic Investment Management Inc. now owns 410,924 shares of the apparel and home fashions retailer’s stock worth $39,112,000 after buying an additional 49,203 shares during the period. Iberiabank Corp boosted its position in TJX Companies by 12.1% during the 3rd quarter. Iberiabank Corp now owns 66,492 shares of the apparel and home fashions retailer’s stock worth $7,448,000 after buying an additional 7,191 shares during the period. Edgestream Partners L.P. acquired a new stake in TJX Companies during the 2nd quarter worth approximately $339,000. Finally, Bridgewater Associates LP boosted its position in TJX Companies by 29.3% during the 2nd quarter. Bridgewater Associates LP now owns 70,023 shares of the apparel and home fashions retailer’s stock worth $6,665,000 after buying an additional 15,879 shares during the period. 90.10% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on the stock. Citigroup lifted their target price on shares of TJX Companies from $96.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Cowen reiterated a “buy” rating and set a $114.00 target price on shares of TJX Companies in a research report on Tuesday, July 31st. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Wednesday, July 18th. Loop Capital reiterated a “hold” rating and set a $105.00 target price on shares of TJX Companies in a research report on Tuesday, August 21st. Finally, Wells Fargo & Co lifted their target price on shares of TJX Companies from $83.00 to $112.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the stock. TJX Companies currently has an average rating of “Buy” and a consensus target price of $108.12.
TJX Companies shares are set to split before the market opens on Monday, November 5th. The 2-1 split was announced on Monday, September 17th. The newly minted shares will be issued to shareholders after the closing bell on Tuesday, November 6th.
TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.12. The firm had revenue of $9.33 billion for the quarter, compared to the consensus estimate of $8.99 billion. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 EPS. On average, equities research analysts expect that TJX Companies Inc will post 4.92 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be given a $0.39 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.46%. TJX Companies’s dividend payout ratio (DPR) is currently 38.61%.
About TJX Companies
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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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