Todays Report: The LMR Partners LLP invests in The TJX Cos. (TJX) Shares

The LMR Partners LLP invests in The TJX Cos. (TJX) Shares

LMR Partners LLP boosted its stake in shares of The TJX Cos. (NYSE:TJX) by 293.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,552 shares of the apparel and home fashions retailer’s stock after buying an additional 10,853 shares during the period. LMR Partners LLP’s holdings in The TJX Cos. were worth $1,123,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Diker Management LLC bought a new stake in shares of The TJX Cos. during the first quarter valued at approximately $213,000. Douglas Lane & Associates LLC bought a new stake in shares of The TJX Cos. during the second quarter valued at approximately $218,000. Atria Investments LLC bought a new stake in shares of The TJX Cos. during the second quarter valued at approximately $220,000. M&R Capital Management Inc. bought a new stake in shares of The TJX Cos. during the first quarter valued at approximately $224,000. Finally, Cacti Asset Management LLC bought a new stake in shares of The TJX Cos. during the second quarter valued at approximately $232,000. 88.78% of the stock is currently owned by institutional investors and hedge funds.

The TJX Cos. (NYSE:TJX) traded down 0.65% during midday trading on Friday, reaching $73.74. 4,993,215 shares of the company’s stock traded hands. The TJX Cos. has a 52 week low of $63.53 and a 52 week high of $83.64. The stock has a market capitalization of $48.42 billion, a price-to-earnings ratio of 21.41 and a beta of 0.65. The company’s 50-day moving average price is $76.13 and its 200 day moving average price is $77.22.

The TJX Cos. (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The TJX Cos. had a net margin of 7.23% and a return on equity of 52.69%. The company earned $7.88 billion during the quarter, compared to analyst estimates of $7.85 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities research analysts expect that The TJX Cos. will post $3.49 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Tuesday, November 8th. The TJX Cos.’s dividend payout ratio (DPR) is 30.15%.

Several brokerages recently commented on TJX. Stifel Nicolaus reiterated a “buy” rating and issued a $92.00 price objective on shares of The TJX Cos. in a research note on Wednesday, August 17th. BMO Capital Markets reiterated an “outperform” rating and issued a $85.00 price objective on shares of The TJX Cos. in a research note on Thursday, August 18th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $92.00 price objective on shares of The TJX Cos. in a research note on Wednesday, August 17th. Jefferies Group set a $75.00 price objective on shares of The TJX Cos. and gave the company a “hold” rating in a research note on Tuesday, August 16th. Finally, Zacks Investment Research upgraded shares of The TJX Cos. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.44.

The TJX Cos. Company Profile

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.

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