LPL Financial LLC cut its holdings in shares of TJX Companies Inc (NYSE:TJX) by 26.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,692 shares of the apparel and home fashions retailer’s stock after selling 19,542 shares during the period. LPL Financial LLC’s holdings in TJX Companies were worth $4,461,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Farmers National Bank acquired a new stake in TJX Companies during the 4th quarter worth approximately $106,000. Icon Wealth Partners LLC acquired a new stake in TJX Companies during the 4th quarter worth approximately $109,000. Truewealth LLC acquired a new stake in TJX Companies during the 4th quarter worth approximately $119,000. CNB Bank boosted its position in TJX Companies by 906.5% during the 1st quarter. CNB Bank now owns 1,691 shares of the apparel and home fashions retailer’s stock worth $138,000 after buying an additional 1,523 shares during the period. Finally, Princeton Capital Management LLC acquired a new stake in TJX Companies during the 1st quarter worth approximately $148,000. Institutional investors and hedge funds own 90.58% of the company’s stock.
Several research firms recently commented on TJX. Credit Suisse Group lifted their target price on shares of TJX Companies from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, June 22nd. Atlantic Securities downgraded shares of TJX Companies from an “overweight” rating to a “neutral” rating and set a $75.00 target price on the stock. in a research report on Tuesday. OTR Global started coverage on shares of TJX Companies in a research report on Tuesday, May 8th. They set a “positive” rating on the stock. ValuEngine upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. Finally, Buckingham Research boosted their price target on shares of TJX Companies from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, May 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the company’s stock. TJX Companies presently has an average rating of “Buy” and a consensus target price of $89.84.
TJX Companies stock opened at $95.17 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.69. TJX Companies Inc has a 12-month low of $66.44 and a 12-month high of $96.82. The firm has a market cap of $59.44 billion, a P/E ratio of 23.56, a P/E/G ratio of 1.85 and a beta of 0.67.
TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, May 22nd. The apparel and home fashions retailer reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11. TJX Companies had a net margin of 7.58% and a return on equity of 56.91%. The company had revenue of $8.67 billion for the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter in the previous year, the company earned $0.82 EPS. TJX Companies’s quarterly revenue was up 11.4% compared to the same quarter last year. equities research analysts expect that TJX Companies Inc will post 4.84 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Thursday, August 16th will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.64%. TJX Companies’s payout ratio is presently 38.61%.
TJX Companies announced that its Board of Directors has approved a share buyback plan on Wednesday, February 28th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the apparel and home fashions retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
In other TJX Companies news, CFO Scott Goldenberg sold 16,344 shares of the business’s stock in a transaction on Thursday, April 19th. The shares were sold at an average price of $83.01, for a total transaction of $1,356,715.44. Following the completion of the sale, the chief financial officer now owns 86,024 shares in the company, valued at approximately $7,140,852.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $88.05, for a total transaction of $44,025.00. Following the sale, the director now owns 15,498 shares of the company’s stock, valued at approximately $1,364,598.90. The disclosure for this sale can be found here. Insiders have sold a total of 39,064 shares of company stock worth $3,269,567 in the last quarter. 0.22% of the stock is owned by corporate insiders.
TJX Companies Company 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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