Seven Eight Capital LP purchased a new stake in TJX Companies Inc (NYSE:TJX) during the third quarter, HoldingsChannel.com reports. The fund purchased 112,000 shares of the apparel and home fashions retailer’s stock, valued at approximately $12,546,000. TJX Companies makes up approximately 0.8% of Seven Eight Capital LP’s holdings, making the stock its 26th largest holding.
A number of other institutional investors have also bought and sold shares of TJX. Cornerstone Advisors Inc. grew its holdings in shares of TJX Companies by 280.2% during the second quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock worth $106,000 after purchasing an additional 821 shares during the last quarter. Icon Wealth Partners LLC purchased a new position in shares of TJX Companies during the second quarter worth about $106,000. North Star Investment Management Corp. purchased a new position in shares of TJX Companies during the second quarter worth about $114,000. City Holding Co. purchased a new position in shares of TJX Companies during the second quarter worth about $114,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of TJX Companies during the third quarter worth about $114,000. Institutional investors own 89.78% of the company’s stock.
Shares of NYSE TJX traded down $1.84 during midday trading on Thursday, reaching $108.96. 289,596 shares of the company were exchanged, compared to its average volume of 3,763,825. The company has a quick ratio of 0.77, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. TJX Companies Inc has a 1 year low of $66.44 and a 1 year high of $113.28. The firm has a market cap of $69.54 billion, a P/E ratio of 27.37, a P/E/G ratio of 2.09 and a beta of 0.71.
TJX Companies (NYSE:TJX) last released 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. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. The firm had revenue of $9.33 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same quarter last year, the company posted $0.85 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. As a group, analysts anticipate that TJX Companies Inc will post 4.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Wednesday, November 14th. TJX Companies’s dividend payout ratio is currently 38.61%.
Several brokerages have issued reports on TJX. Barclays began coverage on TJX Companies in a report on Tuesday, September 11th. They set an “equal weight” rating and a $117.00 price objective on the stock. DA Davidson began coverage on TJX Companies in a report on Tuesday, September 25th. They set a “buy” rating and a $130.00 price objective on the stock. Cowen set a $125.00 price objective on TJX Companies and gave the stock a “buy” rating in a report on Tuesday, September 25th. Citigroup raised their price objective on TJX Companies from $111.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Goldman Sachs Group began coverage on TJX Companies in a report on Monday, September 3rd. They set a “buy” rating and a $126.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $108.12.
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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