Progressive Investment Management Corp Increases Position in TJX Companies Inc (TJX)

Progressive Investment Management Corp boosted its holdings in shares of TJX Companies Inc (NYSE:TJX) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,340 shares of the apparel and home fashions retailer’s stock after acquiring an additional 820 shares during the period. TJX Companies accounts for approximately 3.0% of Progressive Investment Management Corp’s investment portfolio, making the stock its 12th biggest position. Progressive Investment Management Corp’s holdings in TJX Companies were worth $5,079,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN grew its stake in TJX Companies by 1.4% during the 3rd quarter. Wells Fargo & Company MN now owns 5,766,367 shares of the apparel and home fashions retailer’s stock valued at $645,949,000 after acquiring an additional 79,223 shares in the last quarter. Gardiner Nancy B acquired a new position in TJX Companies in the 3rd quarter valued at about $498,000. Kiwi Wealth Investments Limited Partnership acquired a new position in TJX Companies in the 2nd quarter valued at about $3,151,000. WINTON GROUP Ltd boosted its holdings in TJX Companies by 5,860.9% in the 3rd quarter. WINTON GROUP Ltd now owns 212,983 shares of the apparel and home fashions retailer’s stock valued at $23,858,000 after purchasing an additional 209,410 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its holdings in TJX Companies by 13.6% in the 2nd quarter. First Republic Investment Management Inc. now owns 410,924 shares of the apparel and home fashions retailer’s stock valued at $39,112,000 after purchasing an additional 49,203 shares during the last quarter. 90.12% of the stock is owned by institutional investors.

Shares of TJX stock opened at $55.47 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43. TJX Companies Inc has a one year low of $33.22 and a one year high of $56.64. The company has a market capitalization of $67.79 billion, a PE ratio of 27.46, a P/E/G ratio of 2.04 and a beta of 0.65.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.52 by $0.06. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The firm had revenue of $9.33 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the prior year, the business posted $0.43 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. Equities analysts expect that TJX Companies Inc will post 2.47 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be issued a $0.39 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.56 annualized dividend and a dividend yield of 2.81%. TJX Companies’s dividend payout ratio is currently 77.23%.

TJX has been the topic of several recent analyst reports. Credit Suisse Group boosted their target price on shares of TJX Companies from $50.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, August 22nd. ValuEngine lowered shares of TJX Companies from a “sell” rating to a “strong sell” rating in a report on Wednesday. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $54.50 target price on the stock in a report on Tuesday, July 24th. DA Davidson initiated coverage on shares of TJX Companies in a report on Tuesday, September 25th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, Cowen set a $62.50 target price on shares of TJX Companies and gave the company a “buy” rating in a report on Tuesday, September 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $54.08.

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

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