TJX Companies Inc (NYSE:TJX) Shares Sold by SG Americas Securities LLC

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SG Americas Securities LLC reduced its stake in shares of TJX Companies Inc (NYSE:TJX) by 36.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 160,029 shares of the apparel and home fashions retailer’s stock after selling 90,397 shares during the quarter. SG Americas Securities LLC’s holdings in TJX Companies were worth $8,920,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Krane Funds Advisors LLC purchased a new stake in shares of TJX Companies in the second quarter valued at about $25,000. Prestige Wealth Management Group LLC purchased a new stake in shares of TJX Companies in the second quarter valued at about $25,000. Strategic Blueprint LLC purchased a new stake in shares of TJX Companies in the third quarter valued at about $32,000. Capital Advisors Ltd. LLC lifted its holdings in shares of TJX Companies by 202.6% in the second quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock valued at $31,000 after purchasing an additional 393 shares in the last quarter. Finally, Bridger Capital Management LLC purchased a new position in shares of TJX Companies during the third quarter valued at approximately $40,000. Institutional investors own 89.39% of the company’s stock.

Several brokerages recently issued reports on TJX. Cowen set a $62.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Tuesday, August 20th. Nomura began coverage on shares of TJX Companies in a research note on Thursday. They set a “buy” rating and a $65.00 price objective on the stock. Loop Capital upped their price objective on shares of TJX Companies to $65.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. DA Davidson set a $65.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, MKM Partners set a $62.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $60.17.

NYSE:TJX traded down $0.07 during trading hours on Friday, reaching $59.23. 2,262,721 shares of the company were exchanged, compared to its average volume of 5,843,974. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.25 and a quick ratio of 0.48. The firm has a market cap of $71.62 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 2.14 and a beta of 0.67. TJX Companies Inc has a 52-week low of $41.49 and a 52-week high of $60.89. The stock has a 50 day simple moving average of $57.44 and a 200 day simple moving average 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 for the quarter, hitting the Zacks’ consensus estimate of $0.62. The company had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $9.89 billion. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. TJX Companies’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. On average, analysts predict that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

The firm also recently disclosed a — dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.23 dividend. This represents a dividend yield of 1.7%. The ex-dividend date is Wednesday, November 13th. TJX Companies’s 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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