The TJX Cos. (TJX) Stake Decreased by Standard Life Investments LTD
Standard Life Investments LTD decreased its stake in The TJX Cos. (NYSE:TJX) by 14.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,481,330 shares of the apparel and home fashions retailer’s stock after selling 593,020 shares during the period. Standard Life Investments LTD owned 0.53% of The TJX Cos. worth $268,811,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Diker Management LLC purchased a new stake in The TJX Cos. during the first quarter valued at $213,000. Atria Investments LLC purchased a new stake in The TJX Cos. during the second quarter valued at $220,000. Douglas Lane & Associates LLC purchased a new stake in The TJX Cos. during the second quarter valued at $218,000. M&R Capital Management Inc. purchased a new stake in The TJX Cos. during the first quarter valued at $224,000. Finally, Cacti Asset Management LLC purchased a new stake in The TJX Cos. during the second quarter valued at $232,000. 88.78% of the stock is owned by institutional investors.
Shares of The TJX Cos. (NYSE:TJX) traded down 0.58% during midday trading on Monday, reaching $74.35. 3,275,985 shares of the company’s stock traded hands. The TJX Cos. has a 52-week low of $63.53 and a 52-week high of $83.64. The firm has a market cap of $48.82 billion, a PE ratio of 21.59 and a beta of 0.65. The company has a 50 day moving average of $76.95 and a 200 day moving average of $77.32.
The TJX Cos. (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.03. The TJX Cos. had a net margin of 7.23% and a return on equity of 52.69%. The company had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.85 billion. During the same period in the prior year, the firm posted $0.80 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities analysts predict that The TJX Cos. will post $3.49 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Tuesday, November 8th. The TJX Cos.’s dividend payout ratio is currently 30.15%.
Several analysts have recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $92.00 price objective on shares of The TJX Cos. in a report on Wednesday, August 17th. BMO Capital Markets reissued an “outperform” rating and issued a $85.00 price target on shares of The TJX Cos. in a report on Thursday, August 18th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $92.00 price target on shares of The TJX Cos. in a report on Wednesday, August 17th. Jefferies Group set a $75.00 price target on shares of The TJX Cos. and gave the company a “hold” rating in a report on Tuesday, August 16th. Finally, Zacks Investment Research raised shares of The TJX Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The TJX Cos. presently has a consensus rating of “Buy” and an average target price of $83.44.
About The TJX Cos.
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.
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