Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of TJX Companies Inc (NYSE:TJX) by 35.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 288,149 shares of the apparel and home fashions retailer’s stock after selling 158,667 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TJX Companies were worth $32,278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TJX. BlackRock Inc. grew its stake in shares of TJX Companies by 2.6% in the 3rd quarter. BlackRock Inc. now owns 42,320,035 shares of the apparel and home fashions retailer’s stock valued at $4,740,690,000 after buying an additional 1,089,109 shares during the period. FMR LLC grew its stake in shares of TJX Companies by 4.0% in the 3rd quarter. FMR LLC now owns 24,992,585 shares of the apparel and home fashions retailer’s stock valued at $2,799,669,000 after buying an additional 949,799 shares during the period. Bank of New York Mellon Corp grew its stake in shares of TJX Companies by 3.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 19,231,563 shares of the apparel and home fashions retailer’s stock valued at $1,830,461,000 after buying an additional 715,960 shares during the period. Northern Trust Corp grew its stake in shares of TJX Companies by 1.6% in the 2nd quarter. Northern Trust Corp now owns 8,480,758 shares of the apparel and home fashions retailer’s stock valued at $807,199,000 after buying an additional 135,091 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of TJX Companies by 12.6% in the 3rd quarter. American Century Companies Inc. now owns 6,617,025 shares of the apparel and home fashions retailer’s stock valued at $741,239,000 after buying an additional 740,409 shares during the period. 45.09% of the stock is owned by institutional investors.

TJX has been the subject of several analyst reports. Telsey Advisory Group dropped their price target on shares of TJX Companies from $55.00 to $51.00 and set a “market perform” rating for the company in a research note on Wednesday. DA Davidson initiated coverage on shares of TJX Companies in a research note on Tuesday, September 25th. They issued a “buy” rating and a $65.00 price target for the company. Credit Suisse Group dropped their price target on shares of TJX Companies from $54.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday. Loop Capital set a $47.00 price target on shares of TJX Companies and gave the company a “hold” rating in a research note on Tuesday. Finally, Jefferies Financial Group set a $50.00 price target on shares of TJX Companies and gave the company a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $53.19.

Shares of TJX stock opened at $46.16 on Thursday. The company has a market capitalization of $57.94 billion, a PE ratio of 22.85, a P/E/G ratio of 1.68 and a beta of 0.65. TJX Companies Inc has a one year low of $35.22 and a one year high of $56.64. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43.

TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The company had revenue of $9.83 billion for the quarter, compared to analyst estimates of $9.50 billion. TJX Companies had a net margin of 7.98% and a return on equity of 59.87%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS. Equities analysts expect that TJX Companies Inc will post 2.56 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.56 dividend on an annualized basis and a yield of 3.38%. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.

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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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