First Trust Advisors LP Sells 37,183 Shares of TJX Companies Inc (NYSE:TJX)

First Trust Advisors LP trimmed its position in shares of TJX Companies Inc (NYSE:TJX) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,580,068 shares of the apparel and home fashions retailer’s stock after selling 37,183 shares during the period. First Trust Advisors LP owned approximately 0.13% of TJX Companies worth $88,073,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of TJX Companies by 1.7% in the second quarter. Vanguard Group Inc. now owns 98,880,165 shares of the apparel and home fashions retailer’s stock valued at $5,228,784,000 after buying an additional 1,697,819 shares during the period. BlackRock Inc. lifted its stake in shares of TJX Companies by 6.1% in the second quarter. BlackRock Inc. now owns 91,057,292 shares of the apparel and home fashions retailer’s stock valued at $4,815,108,000 after buying an additional 5,274,627 shares during the period. Alecta Pensionsforsakring Omsesidigt lifted its stake in shares of TJX Companies by 1.3% in the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 15,335,076 shares of the apparel and home fashions retailer’s stock valued at $854,777,000 after buying an additional 200,000 shares during the period. Fiera Capital Corp lifted its stake in shares of TJX Companies by 3.2% in the second quarter. Fiera Capital Corp now owns 12,991,834 shares of the apparel and home fashions retailer’s stock valued at $687,008,000 after buying an additional 404,764 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of TJX Companies by 1.9% in the second quarter. Invesco Ltd. now owns 10,548,459 shares of the apparel and home fashions retailer’s stock valued at $557,803,000 after buying an additional 197,115 shares during the period. Institutional investors own 89.39% of the company’s stock.

NYSE:TJX opened at $59.23 on Friday. TJX Companies Inc has a 12-month low of $41.49 and a 12-month high of $60.89. The company has a quick ratio of 0.48, a current ratio of 1.25 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $71.62 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 2.14 and a beta of 0.67. The firm has a 50-day moving average price of $57.44 and a 200 day moving average price of $54.64.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, research analysts expect that TJX Companies Inc will post 2.61 EPS for the current year.

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

Several equities research analysts recently weighed in on the stock. Nomura assumed coverage on shares of TJX Companies in a research note on Thursday. They issued a “buy” rating and a $65.00 target price for the company. ValuEngine cut shares of TJX Companies from a “sell” rating to a “strong sell” rating in a research note on Monday, November 4th. Cowen set a $62.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Tuesday, August 20th. MKM Partners set a $62.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Zacks Investment Research upgraded shares of TJX Companies from a “sell” rating to a “hold” rating and set a $64.00 target price for the company in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. TJX Companies has an average rating of “Buy” and a consensus target price of $60.17.

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, 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.

Read More: Diluted Earnings Per Share

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

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