Logan Capital Management Inc. Purchases 6,386 Shares of TJX Companies Inc (NYSE:TJX)

Logan Capital Management Inc. lifted its position in TJX Companies Inc (NYSE:TJX) by 6.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 104,443 shares of the apparel and home fashions retailer’s stock after buying an additional 6,386 shares during the period. Logan Capital Management Inc.’s holdings in TJX Companies were worth $5,523,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its position in TJX Companies by 4.0% during the first quarter. FMR LLC now owns 53,531,356 shares of the apparel and home fashions retailer’s stock valued at $2,848,403,000 after purchasing an additional 2,052,931 shares during the period. Northern Trust Corp lifted its position in TJX Companies by 2.4% during the first quarter. Northern Trust Corp now owns 18,119,245 shares of the apparel and home fashions retailer’s stock valued at $964,125,000 after purchasing an additional 428,865 shares during the period. Geode Capital Management LLC lifted its position in TJX Companies by 115.8% during the fourth quarter. Geode Capital Management LLC now owns 17,734,026 shares of the apparel and home fashions retailer’s stock valued at $792,161,000 after purchasing an additional 9,515,682 shares during the period. Fiera Capital Corp lifted its position in TJX Companies by 5.3% during the first quarter. Fiera Capital Corp now owns 12,587,070 shares of the apparel and home fashions retailer’s stock valued at $669,759,000 after purchasing an additional 638,947 shares during the period. Finally, American Century Companies Inc. lifted its position in TJX Companies by 85.5% during the fourth quarter. American Century Companies Inc. now owns 12,276,969 shares of the apparel and home fashions retailer’s stock valued at $549,272,000 after purchasing an additional 5,659,944 shares during the period. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Shares of TJX stock opened at $52.36 on Friday. TJX Companies Inc has a 12 month low of $41.49 and a 12 month high of $57.15. The stock has a market capitalization of $63.77 billion, a PE ratio of 22.14, a P/E/G ratio of 1.84 and a beta of 0.73. The company has a current ratio of 1.23, a quick ratio of 0.46 and a debt-to-equity ratio of 1.92. The firm’s 50 day simple moving average is $54.36.

TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The business had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same period in the prior year, the company earned $1.13 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts predict that TJX Companies Inc will post 2.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.76%. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.

TJX has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Friday, May 24th. Argus restated a “buy” rating on shares of TJX Companies in a research report on Wednesday, July 3rd. Nomura increased their price objective on shares of TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. MKM Partners increased their price objective on shares of TJX Companies to $62.00 in a research report on Thursday, May 23rd. Finally, Cowen set a $63.00 target price on shares of TJX Companies and gave the company a “buy” rating in a report on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.34.

In other news, EVP Richard Sherr sold 1,480 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total value of $75,998.00. Following the completion of the sale, the executive vice president now directly owns 117,228 shares of the company’s stock, valued at $6,019,657.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David T. Ching sold 20,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the completion of the sale, the director now directly owns 28,771 shares of the company’s stock, valued at $1,501,846.20. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

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, 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.

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

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