Twin Tree Management LP bought a new stake in TJX Companies Inc (NYSE:TJX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,037 shares of the apparel and home fashions retailer’s stock, valued at approximately $4,037,000.

Other large investors have also bought and sold shares of the company. Cornerstone Advisors Inc. increased its holdings in TJX Companies by 280.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock valued at $106,000 after buying an additional 821 shares during the last quarter. Icon Wealth Partners LLC purchased a new position in TJX Companies in the second quarter valued at $106,000. Atlas Capital Advisors LLC acquired a new position in TJX Companies in the third quarter valued at $107,000. North Star Investment Management Corp. acquired a new position in TJX Companies in the second quarter valued at $114,000. Finally, City Holding Co. acquired a new position in TJX Companies in the second quarter valued at $114,000. 45.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TJX opened at $48.96 on Tuesday. TJX Companies Inc has a fifty-two week low of $35.05 and a fifty-two week high of $56.64. The stock has a market cap of $63.72 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 1.91 and a beta of 0.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77.

TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.06. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The business had revenue of $9.33 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, sell-side analysts anticipate that TJX Companies Inc will post 2.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.56 annualized dividend and a dividend yield of 3.19%. TJX Companies’s dividend payout ratio (DPR) is 38.61%.

Several research firms have issued reports on TJX. Guggenheim restated a “buy” rating on shares of TJX Companies in a research note on Tuesday, August 21st. Zacks Investment Research downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. ValuEngine downgraded shares of TJX Companies from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 7th. Barclays set a $59.00 price objective on shares of TJX Companies and gave the company a “hold” rating in a research note on Thursday, November 8th. Finally, DA Davidson began coverage on shares of TJX Companies in a research note on Tuesday, September 25th. They issued a “buy” rating and a $65.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $54.34.

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TJX Companies Company Profile

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 d├ęcor, 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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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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