Quadrant Capital Group LLC lifted its position in shares of TJX Companies Inc (NYSE:TJX) by 17.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 10,203 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,479 shares during the quarter. Quadrant Capital Group LLC’s holdings in TJX Companies were worth $527,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new stake in TJX Companies in the first quarter worth $25,000. CSU Producer Resources Inc. acquired a new stake in TJX Companies in the first quarter worth $27,000. Financial Gravity Wealth Inc. acquired a new stake in TJX Companies in the first quarter worth $30,000. Ellevest Inc. grew its holdings in TJX Companies by 1,428.9% in the first quarter. Ellevest Inc. now owns 9,632 shares of the apparel and home fashions retailer’s stock worth $31,000 after purchasing an additional 9,002 shares during the period. Finally, Lenox Wealth Management Inc. grew its holdings in TJX Companies by 92.0% in the first quarter. Lenox Wealth Management Inc. now owns 626 shares of the apparel and home fashions retailer’s stock worth $33,000 after purchasing an additional 300 shares during the period. Institutional investors own 88.73% of the company’s stock.
A number of equities research analysts have commented on the stock. Argus restated a “buy” rating on shares of TJX Companies in a report on Wednesday, July 3rd. Nomura raised their price target on shares of TJX Companies from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. MKM Partners raised their price target on shares of TJX Companies to $62.00 in a report on Thursday, May 23rd. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Friday, May 24th. Finally, Credit Suisse Group raised their price target on shares of TJX Companies from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company’s stock. TJX Companies has an average rating of “Buy” and a consensus target price of $58.34.
In other news, Director David T. Ching sold 20,000 shares of TJX Companies stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the completion of the transaction, the director now directly owns 28,771 shares in the company, valued at $1,501,846.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard Sherr sold 1,480 shares of TJX Companies stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total transaction of $75,998.00. Following the transaction, the executive vice president now owns 117,228 shares of the company’s stock, valued at $6,019,657.80. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.
Shares of NYSE TJX traded down $0.23 during mid-day trading on Friday, reaching $52.36. 5,352,971 shares of the company’s stock traded hands, compared to its average volume of 4,822,596. The company 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 business has a 50-day moving average of $54.36. TJX Companies Inc has a 1-year low of $41.49 and a 1-year high of $57.15. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.46 and a current ratio of 1.23.
TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.21 billion. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $1.13 earnings per share. As a group, sell-side analysts anticipate that TJX Companies Inc will post 2.63 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Wednesday, August 14th. TJX Companies’s dividend payout ratio is currently 43.60%.
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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