Bridgewater Associates LP Lowers Holdings in TJX Companies Inc (TJX)

Bridgewater Associates LP lowered its holdings in shares of TJX Companies Inc (NYSE:TJX) by 68.2% in the 3rd quarter, Holdings Channel reports. The firm owned 22,282 shares of the apparel and home fashions retailer’s stock after selling 47,741 shares during the quarter. Bridgewater Associates LP’s holdings in TJX Companies were worth $2,496,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TJX. Cornerstone Advisors Inc. lifted its position in TJX Companies by 280.2% during the second quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock valued at $106,000 after purchasing an additional 821 shares during the last quarter. Icon Wealth Partners LLC bought a new position in TJX Companies during the second quarter valued at $106,000. Atlas Capital Advisors LLC bought a new position in TJX Companies during the third quarter valued at $107,000. City Holding Co. bought a new position in TJX Companies during the second quarter valued at $114,000. Finally, LFA Lugano Financial Advisors SA bought a new position in TJX Companies during the third quarter valued at $114,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Telsey Advisory Group lowered their target price on shares of TJX Companies from $55.00 to $51.00 and set a “market perform” rating for the company in a report on Wednesday, November 21st. DA Davidson assumed coverage on shares of TJX Companies in a report on Tuesday, September 25th. They issued a “buy” rating and a $65.00 target price for the company. Credit Suisse Group lowered their target price on shares of TJX Companies from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, November 21st. Loop Capital set a $47.00 target price on shares of TJX Companies and gave the stock a “hold” rating in a report on Tuesday, November 20th. Finally, Jefferies Financial Group set a $50.00 target price on shares of TJX Companies and gave the stock a “hold” rating in a report on Tuesday, November 20th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the company. TJX Companies presently has a consensus rating of “Buy” and an average target price of $53.19.

TJX stock opened at $48.39 on Tuesday. The stock has a market capitalization of $60.45 billion, a P/E ratio of 23.96, a P/E/G ratio of 1.83 and a beta of 0.62. TJX Companies Inc has a 12 month low of $36.41 and a 12 month high of $56.64. The company has a current ratio of 1.55, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The company had revenue of $9.83 billion for the quarter, compared to the consensus estimate of $9.50 billion. TJX Companies had a net margin of 7.98% and a return on equity of 59.74%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 EPS. On average, equities research analysts expect that TJX Companies Inc will post 2.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s dividend payout ratio is presently 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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