First Quadrant L P CA increased its stake in shares of TJX Companies Inc (NYSE:TJX) by 67.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,703 shares of the apparel and home fashions retailer’s stock after purchasing an additional 39,628 shares during the quarter. First Quadrant L P CA’s holdings in TJX Companies were worth $5,219,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Wallington Asset Management LLC lifted its holdings in shares of TJX Companies by 2.7% during the first quarter. Wallington Asset Management LLC now owns 262,424 shares of the apparel and home fashions retailer’s stock worth $13,964,000 after purchasing an additional 6,890 shares during the period. M Holdings Securities Inc. lifted its holdings in TJX Companies by 92.6% in the fourth quarter. M Holdings Securities Inc. now owns 5,035 shares of the apparel and home fashions retailer’s stock valued at $225,000 after acquiring an additional 2,421 shares during the period. Ashburton Jersey Ltd lifted its holdings in TJX Companies by 400.9% in the first quarter. Ashburton Jersey Ltd now owns 5,860 shares of the apparel and home fashions retailer’s stock valued at $312,000 after acquiring an additional 4,690 shares during the period. Cetera Advisors LLC lifted its holdings in TJX Companies by 13.4% in the first quarter. Cetera Advisors LLC now owns 27,975 shares of the apparel and home fashions retailer’s stock valued at $1,491,000 after acquiring an additional 3,303 shares during the period. Finally, Seelaus Asset Management LLC acquired a new stake in TJX Companies in the first quarter valued at $1,121,000. 88.73% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented on TJX. Cowen set a $63.00 target price on TJX Companies and gave the company a “buy” rating in a report on Tuesday, June 4th. MKM Partners raised their target price on TJX Companies to $62.00 in a report on Thursday, May 23rd. Robert W. Baird began coverage on TJX Companies in a report on Monday, May 13th. They issued an “outperform” rating and a $63.00 target price for the company. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Friday, May 24th. Finally, Nomura raised their target price on TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $58.34.
Shares of NYSE:TJX traded down $0.23 during midday trading on Friday, hitting $52.36. 5,352,971 shares of the stock were exchanged, 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 company has a current ratio of 1.23, a quick ratio of 0.46 and a debt-to-equity ratio of 1.92. TJX Companies Inc has a twelve month low of $41.49 and a twelve month high of $57.15. The firm has a 50 day simple moving average of $54.36.
TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.21 billion. TJX Companies had a return on equity of 57.47% and a net margin of 7.69%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 EPS. As a group, sell-side analysts anticipate that TJX Companies Inc will post 2.63 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, August 14th. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.
In other news, Director David T. Ching sold 20,000 shares of TJX Companies 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 transaction, the director now owns 28,771 shares of the company’s stock, valued at approximately $1,501,846.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard Sherr sold 1,480 shares of TJX Companies stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $51.35, for a total value of $75,998.00. Following the transaction, the executive vice president now directly owns 117,228 shares of the company’s stock, valued at approximately $6,019,657.80. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.
About TJX Companies
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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