TJX Companies Inc (NYSE:TJX) is Zevin Asset Management LLC’s 9th Largest Position

Zevin Asset Management LLC lowered its stake in shares of TJX Companies Inc (NYSE:TJX) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 194,578 shares of the apparel and home fashions retailer’s stock after selling 892 shares during the period. TJX Companies accounts for about 3.5% of Zevin Asset Management LLC’s investment portfolio, making the stock its 9th biggest holding. Zevin Asset Management LLC’s holdings in TJX Companies were worth $10,846,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Krane Funds Advisors LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at $25,000. Prestige Wealth Management Group LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at $25,000. Capital Advisors Ltd. LLC increased its position in shares of TJX Companies by 202.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock valued at $31,000 after acquiring an additional 393 shares during the period. Strategic Blueprint LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at $32,000. Finally, Manchester Financial Inc. acquired a new position in shares of TJX Companies in the 2nd quarter valued at $37,000. Institutional investors own 89.39% of the company’s stock.

Shares of TJX stock traded down $0.07 during mid-day trading on Friday, hitting $59.23. 2,262,721 shares of the stock were exchanged, compared to its average volume of 5,843,974. The firm has a fifty day moving average of $57.44 and a 200 day moving average of $54.64. The company has a quick ratio of 0.48, a current ratio of 1.25 and a debt-to-equity ratio of 1.88. TJX Companies Inc has a 52-week low of $41.49 and a 52-week high of $60.89. The company has a market cap of $71.62 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 2.14 and a beta of 0.67.

TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.62. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The business had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same period in the prior year, the company posted $1.17 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities analysts predict that TJX Companies Inc will post 2.61 EPS for the current year.

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The company also recently announced a — dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.23 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 13th. TJX Companies’s payout ratio is currently 43.60%.

Several brokerages have weighed in on TJX. Loop Capital increased their price target on TJX Companies to $65.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Cowen set a $62.00 price target on TJX Companies and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Zacks Investment Research raised TJX Companies from a “sell” rating to a “hold” rating and set a $64.00 price target on the stock in a research report on Friday, October 18th. DA Davidson set a $65.00 price target on TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, UBS Group raised TJX Companies from a “sell” rating to a “neutral” rating and increased their price target for the stock from $41.00 to $58.00 in a research report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. TJX Companies has an average rating of “Buy” and a consensus target price of $60.17.

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, 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.

Further Reading: Should I follow buy, hold and sell recommendations?

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

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