Gyroscope Capital Management Group LLC Has $943,000 Stock Position in TJX Companies Inc (NYSE:TJX)

Gyroscope Capital Management Group LLC boosted its stake in TJX Companies Inc (NYSE:TJX) by 8.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 17,474 shares of the apparel and home fashions retailer’s stock after buying an additional 1,333 shares during the period. Gyroscope Capital Management Group LLC’s holdings in TJX Companies were worth $943,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in TJX. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in TJX Companies by 5.1% in the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 49,585 shares of the apparel and home fashions retailer’s stock valued at $2,764,000 after purchasing an additional 2,390 shares during the period. Community Trust & Investment Co. boosted its holdings in TJX Companies by 8.0% in the 3rd quarter. Community Trust & Investment Co. now owns 285,775 shares of the apparel and home fashions retailer’s stock valued at $15,929,000 after purchasing an additional 21,124 shares during the period. Rockland Trust Co. boosted its holdings in TJX Companies by 65.3% in the 3rd quarter. Rockland Trust Co. now owns 7,506 shares of the apparel and home fashions retailer’s stock valued at $405,000 after purchasing an additional 2,964 shares during the period. Cypress Capital Group boosted its holdings in TJX Companies by 0.4% in the 3rd quarter. Cypress Capital Group now owns 179,917 shares of the apparel and home fashions retailer’s stock valued at $10,028,000 after purchasing an additional 663 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in TJX Companies by 10.8% in the 3rd quarter. Pacer Advisors Inc. now owns 129,798 shares of the apparel and home fashions retailer’s stock valued at $7,235,000 after purchasing an additional 12,692 shares during the period. Institutional investors and hedge funds own 89.16% of the company’s stock.

Shares of TJX Companies stock traded up $1.29 on Friday, reaching $58.72. 212,765 shares of the stock were exchanged, compared to its average volume of 5,024,728. The firm’s 50 day moving average is $55.25 and its 200-day moving average is $53.88. TJX Companies Inc has a one year low of $41.49 and a one year high of $57.46. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.48 and a current ratio of 1.25. The firm has a market cap of $67.00 billion, a PE ratio of 27.83, a P/E/G ratio of 2.00 and a beta of 0.68.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share 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 company had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the prior year, the firm posted $1.17 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts expect that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

The company also recently declared a — dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.23 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 13th. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.

TJX has been the subject of a number of recent research reports. Nomura boosted their price objective on shares of TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Bank of America set a $65.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Wednesday, August 21st. Zacks Investment Research raised shares of TJX Companies from a “sell” rating to a “hold” rating and set a $60.00 price objective for the company in a report on Friday. MKM Partners set a $62.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, DA Davidson set a $65.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $59.39.

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

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