Schroder Investment Management Group Trims Stake in TJX Companies Inc (TJX)

Schroder Investment Management Group reduced its position in shares of TJX Companies Inc (NYSE:TJX) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 641,459 shares of the apparel and home fashions retailer’s stock after selling 51,224 shares during the period. Schroder Investment Management Group owned about 0.10% of TJX Companies worth $61,150,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. boosted 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 acquiring an additional 821 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in TJX Companies in the second quarter valued at approximately $106,000. North Star Investment Management Corp. bought a new stake in TJX Companies in the second quarter valued at approximately $114,000. City Holding Co. bought a new stake in TJX Companies in the second quarter valued at approximately $114,000. Finally, Fort L.P. bought a new stake in TJX Companies in the second quarter valued at approximately $122,000. Institutional investors own 89.78% of the company’s stock.

Shares of NYSE:TJX opened at $110.81 on Tuesday. 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 Inc has a twelve month low of $66.44 and a twelve month high of $113.28. The company has a market cap of $69.54 billion, a PE ratio of 27.42, a PEG ratio of 2.09 and a beta of 0.71.

Shares of TJX Companies are set to split before the market opens on Monday, November 5th. The 2-1 split was announced on Monday, September 17th. The newly created shares will be issued to shareholders after the closing bell on Tuesday, November 6th.

TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. The company had revenue of $9.33 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. TJX Companies’s revenue for the quarter was up 11.6% on a year-over-year basis. Equities analysts predict that TJX Companies Inc will post 4.92 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s payout ratio is 38.61%.

TJX has been the topic of a number of research analyst reports. Cowen set a $125.00 price target on TJX Companies and gave the stock a “buy” rating in a report on Tuesday, September 25th. DA Davidson initiated coverage on TJX Companies in a report on Tuesday, September 25th. They set a “buy” rating and a $130.00 price target on the stock. Barclays initiated coverage on TJX Companies in a report on Tuesday, September 11th. They set an “equal weight” rating and a $117.00 price target on the stock. Goldman Sachs Group initiated coverage on TJX Companies in a report on Monday, September 3rd. They set a “buy” rating and a $126.00 price target on the stock. Finally, Morgan Stanley increased their price target on TJX Companies from $99.00 to $119.00 and gave the stock an “overweight” rating in a report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $107.56.

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.

Featured Story: Marijuana Stocks Investing Considerations

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies Inc (NYSE:TJX).

Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply