Connors Investor Services Inc. lifted its stake in shares of TJX Companies Inc (NYSE:TJX) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 209,442 shares of the apparel and home fashions retailer’s stock after acquiring an additional 11,352 shares during the period. Connors Investor Services Inc.’s holdings in TJX Companies were worth $11,075,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of TJX. Krane Funds Advisors LLC purchased a new position in shares of TJX Companies during the 2nd quarter worth $25,000. Capital Advisors Ltd. LLC raised its holdings in TJX Companies by 202.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock valued at $31,000 after buying an additional 393 shares during the period. Manchester Financial Inc. purchased a new stake in TJX Companies in the 2nd quarter valued at about $37,000. Westside Investment Management Inc. purchased a new stake in TJX Companies in the 2nd quarter valued at about $37,000. Finally, Advisory Alpha LLC purchased a new stake in TJX Companies in the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 89.16% of the company’s stock.

Several brokerages recently issued reports on TJX. Credit Suisse Group boosted their price objective on shares of TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Argus restated a “buy” rating on shares of TJX Companies in a report on Wednesday, July 3rd. 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. Cowen set a $62.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Tuesday, August 20th. Finally, ValuEngine lowered shares of TJX Companies from a “sell” rating to a “strong sell” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $59.28.

NYSE TJX traded up $0.43 during trading on Thursday, hitting $56.70. The stock had a trading volume of 33,074 shares, compared to its average volume of 6,631,933. The company has a market capitalization of $67.01 billion, a PE ratio of 26.79, a PEG ratio of 2.00 and a beta of 0.68. 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 50 day moving average price of $53.92 and a 200 day moving average price of $53.49. TJX Companies Inc has a twelve month low of $41.49 and a twelve month high of $57.31.

TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. The company had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $9.89 billion. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. TJX Companies’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 EPS. On average, sell-side analysts anticipate that TJX Companies Inc will post 2.61 earnings per share for the current year.

The company also recently announced a — dividend, which will be paid on Thursday, December 5th. Shareholders 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 is currently 43.60%.

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.

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

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