Skandinaviska Enskilda Banken AB publ Sells 4,300 Shares of TJX Companies Inc (TJX)

Skandinaviska Enskilda Banken AB publ lowered its holdings in shares of TJX Companies Inc (NYSE:TJX) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 105,920 shares of the apparel and home fashions retailer’s stock after selling 4,300 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in TJX Companies were worth $11,865,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in TJX. Weybosset Research & Management LLC boosted its position in TJX Companies by 0.6% during the 3rd quarter. Weybosset Research & Management LLC now owns 75,751 shares of the apparel and home fashions retailer’s stock valued at $8,486,000 after buying an additional 478 shares during the period. Waverton Investment Management Ltd boosted its position in TJX Companies by 3.7% during the 2nd quarter. Waverton Investment Management Ltd now owns 13,927 shares of the apparel and home fashions retailer’s stock valued at $1,326,000 after buying an additional 501 shares during the period. Martingale Asset Management L P boosted its position in TJX Companies by 10.5% during the 2nd quarter. Martingale Asset Management L P now owns 5,318 shares of the apparel and home fashions retailer’s stock valued at $507,000 after buying an additional 506 shares during the period. Tdam USA Inc. boosted its position in TJX Companies by 0.5% during the 3rd quarter. Tdam USA Inc. now owns 114,664 shares of the apparel and home fashions retailer’s stock valued at $11,394,000 after buying an additional 525 shares during the period. Finally, Reilly Herbert Faulkner III boosted its position in TJX Companies by 0.9% during the 2nd quarter. Reilly Herbert Faulkner III now owns 61,505 shares of the apparel and home fashions retailer’s stock valued at $5,854,000 after buying an additional 536 shares during the period. 90.12% of the stock is currently owned by institutional investors.

TJX has been the subject of several analyst reports. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $53.50 price target for the company in a research report on Wednesday, July 18th. Cowen reissued a “buy” rating and set a $57.00 price target on shares of TJX Companies in a research report on Tuesday, July 31st. Citigroup increased their price target on shares of TJX Companies from $48.00 to $55.50 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Deutsche Bank increased their price target on shares of TJX Companies from $50.00 to $52.50 and gave the company a “buy” rating in a research report on Monday, August 20th. Finally, Buckingham Research raised their target price on shares of TJX Companies from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, August 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $54.08.

Shares of NYSE TJX opened at $55.64 on Friday. TJX Companies Inc has a 1 year low of $33.22 and a 1 year high of $56.64. The stock has a market cap of $68.58 billion, a P/E ratio of 27.54, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The company had revenue of $9.33 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same period last year, the company posted $0.43 EPS. TJX Companies’s revenue was up 11.6% on a year-over-year basis. As a group, research analysts forecast that TJX Companies Inc will post 2.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Investors 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 2.80%. TJX Companies’s dividend payout ratio (DPR) is currently 38.61%.

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

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