Berkshire Asset Management LLC PA Acquires New Position in TJX Companies Inc (TJX)
Berkshire Asset Management LLC PA acquired a new position in TJX Companies Inc (NYSE:TJX) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,921 shares of the apparel and home fashions retailer’s stock, valued at approximately $215,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cornerstone Advisors Inc. lifted its position in shares of TJX Companies by 280.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock worth $106,000 after buying an additional 821 shares in the last quarter. Icon Wealth Partners LLC purchased a new stake in shares of TJX Companies in the second quarter worth about $106,000. North Star Investment Management Corp. purchased a new stake in shares of TJX Companies in the second quarter worth about $114,000. City Holding Co. purchased a new stake in shares of TJX Companies in the second quarter worth about $114,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of TJX Companies in the third quarter worth about $114,000. 89.78% of the stock is owned by hedge funds and other institutional investors.
Shares of TJX stock opened at $109.44 on Friday. TJX Companies Inc has a 1 year low of $66.44 and a 1 year high of $113.28. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43. The company has a market cap of $69.54 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 2.09 and a beta of 0.71.
TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. The business had revenue of $9.33 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, equities research analysts anticipate that TJX Companies Inc will post 4.92 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.56 dividend on an annualized basis and a yield of 1.43%. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.
A number of research firms recently commented on TJX. Barclays began coverage on TJX Companies in a research report on Tuesday, September 11th. They issued an “equal weight” rating and a $117.00 target price on the stock. DA Davidson began coverage on TJX Companies in a research report on Tuesday, September 25th. They issued a “buy” rating and a $130.00 target price on the stock. Cowen set a $125.00 target price on TJX Companies and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Goldman Sachs Group began coverage on TJX Companies in a research report on Monday, September 3rd. They issued a “buy” rating and a $126.00 target price on the stock. Finally, Credit Suisse Group boosted their target price on TJX Companies from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. TJX Companies has an average rating of “Buy” and a consensus price target of $107.56.
TJX Companies 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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