Massey Quick Simon & CO. LLC Cuts Stake in TJX Companies Inc (NYSE:TJX)
Massey Quick Simon & CO. LLC cut its stake in TJX Companies Inc (NYSE:TJX) by 37.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 671 shares of the apparel and home fashions retailer’s stock after selling 397 shares during the quarter. Massey Quick Simon & CO. LLC’s holdings in TJX Companies were worth $37,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Krane Funds Advisors LLC acquired a new stake in shares of TJX Companies during the second quarter valued at about $25,000. Prestige Wealth Management Group LLC acquired a new stake in shares of TJX Companies during the second quarter valued at about $25,000. Capital Advisors Ltd. LLC grew its stake in shares of TJX Companies by 202.6% during the second quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock valued at $31,000 after acquiring an additional 393 shares in the last quarter. Manchester Financial Inc. acquired a new stake in shares of TJX Companies during the second quarter valued at about $37,000. Finally, Westside Investment Management Inc. acquired a new stake in shares of TJX Companies during the second quarter valued at about $37,000. 89.34% of the stock is currently owned by institutional investors.
Several analysts have recently weighed in on the company. MKM Partners set a $62.00 target price on TJX Companies and gave the company a “buy” rating in a research note on Wednesday, August 21st. UBS Group upgraded TJX Companies from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $41.00 to $58.00 in a research note on Tuesday, September 17th. Nomura lifted their price target on TJX Companies from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Bank of America set a $65.00 price target on TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Argus reiterated a “buy” rating on shares of TJX Companies in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $59.39.
TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.62. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The firm had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter last year, the company posted $1.17 earnings per share. TJX Companies’s revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts expect that TJX Companies Inc will post 2.61 earnings per share for the current year.
The firm also recently announced a — dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, November 13th. This represents a yield of 1.7%. TJX Companies’s dividend payout ratio is currently 43.60%.
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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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