Argent Trust Co lowered its holdings in TJX Companies (NYSE:TJX) by 28.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,875 shares of the apparel and home fashions retailer’s stock after selling 1,145 shares during the quarter. Argent Trust Co’s holdings in TJX Companies were worth $220,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. BlackRock Inc. raised its position in TJX Companies by 0.9% in the fourth quarter. BlackRock Inc. now owns 45,354,058 shares of the apparel and home fashions retailer’s stock valued at $3,467,773,000 after purchasing an additional 425,832 shares during the period. Bank of New York Mellon Corp raised its position in TJX Companies by 3.9% in the fourth quarter. Bank of New York Mellon Corp now owns 19,328,384 shares of the apparel and home fashions retailer’s stock valued at $1,477,847,000 after purchasing an additional 728,422 shares during the period. Geode Capital Management LLC raised its position in TJX Companies by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 7,118,209 shares of the apparel and home fashions retailer’s stock valued at $543,162,000 after purchasing an additional 211,836 shares during the period. Alliancebernstein L.P. grew its stake in shares of TJX Companies by 5.6% in the fourth quarter. Alliancebernstein L.P. now owns 7,095,183 shares of the apparel and home fashions retailer’s stock valued at $542,498,000 after buying an additional 376,424 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in shares of TJX Companies by 1.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 6,112,104 shares of the apparel and home fashions retailer’s stock valued at $467,331,000 after buying an additional 95,862 shares in the last quarter. Institutional investors own 90.95% of the company’s stock.
In other news, Chairman Carol Meyrowitz sold 43,020 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $83.77, for a total value of $3,603,785.40. Following the completion of the sale, the chairman now directly owns 294,098 shares of the company’s stock, valued at approximately $24,636,589.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy B. Lane sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $82.81, for a total value of $82,810.00. Following the completion of the sale, the director now directly owns 15,998 shares of the company’s stock, valued at $1,324,794.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,855 shares of company stock valued at $6,502,443. Insiders own 0.23% of the company’s stock.
TJX traded down $1.52 on Friday, hitting $83.44. 2,879,007 shares of the company were exchanged, compared to its average volume of 3,658,705. TJX Companies has a twelve month low of $66.44 and a twelve month high of $85.21. The stock has a market capitalization of $52,759.36, a price-to-earnings ratio of 20.65, a PEG ratio of 1.67 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 0.84.
TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.10. The business had revenue of $10.96 billion during the quarter, compared to analysts’ expectations of $10.75 billion. TJX Companies had a return on equity of 55.23% and a net margin of 7.27%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. research analysts anticipate that TJX Companies will post 4.83 earnings per share for the current year.
TJX Companies announced that its board has authorized a stock buyback plan on Wednesday, February 28th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 7th. Stockholders of record on Thursday, May 17th will be given a dividend of $0.39 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.31. This represents a $1.56 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Wednesday, May 16th. TJX Companies’s dividend payout ratio is currently 30.94%.
A number of brokerages have recently weighed in on TJX. Morgan Stanley lifted their price objective on TJX Companies from $86.00 to $99.00 and gave the company an “overweight” rating in a research note on Friday, March 2nd. Royal Bank of Canada set a $91.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Nomura set a $87.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, SunTrust Banks set a $98.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Thursday, March 1st. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $87.30.
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About TJX Companies
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer in the United States and internationally. 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, and giftware; seasonal items; jewelry; and other merchandise.
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